Paul H. Mcdowell Acquires 12,000 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL) insider Paul H. Mcdowell bought 12,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $2.48 per share, with a total value of $29,760.00. Following the purchase, the insider now directly owns 293,895 shares of the company’s stock, valued at $728,859.60. The trade was a 4.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Orion Office REIT Price Performance

Shares of NYSE ONL opened at $2.36 on Thursday. Orion Office REIT Inc. has a twelve month low of $2.20 and a twelve month high of $4.39. The firm has a fifty day simple moving average of $3.69 and a 200 day simple moving average of $3.87. The company has a market capitalization of $132.14 million, a PE ratio of -1.53 and a beta of 1.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT (NYSE:ONL) last announced its earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The business had revenue of $38.36 million during the quarter.

Orion Office REIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 3.40%. The ex-dividend date is Monday, March 31st. Orion Office REIT’s dividend payout ratio (DPR) is currently -4.35%.

Institutional Investors Weigh In On Orion Office REIT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in Orion Office REIT by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 24,052 shares of the company’s stock valued at $89,000 after purchasing an additional 3,752 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Orion Office REIT by 21.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,764 shares of the company’s stock valued at $85,000 after purchasing an additional 3,976 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Orion Office REIT by 6.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 66,000 shares of the company’s stock valued at $264,000 after purchasing an additional 4,000 shares in the last quarter. Rhumbline Advisers increased its stake in Orion Office REIT by 4.7% in the fourth quarter. Rhumbline Advisers now owns 99,675 shares of the company’s stock valued at $370,000 after purchasing an additional 4,462 shares in the last quarter. Finally, FMR LLC increased its stake in Orion Office REIT by 23.5% in the third quarter. FMR LLC now owns 24,985 shares of the company’s stock valued at $100,000 after purchasing an additional 4,750 shares in the last quarter. 79.95% of the stock is owned by institutional investors.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.