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

Orion Office REIT Inc. (NYSE:ONL) insider Paul H. Mcdowell purchased 12,000 shares of Orion Office REIT stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average price of $2.48 per share, for a total transaction of $29,760.00. Following the transaction, the insider now directly owns 293,895 shares of the company’s stock, valued at $728,859.60. This trade represents a 4.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Orion Office REIT Price Performance

Shares of ONL opened at $2.51 on Tuesday. The stock has a market cap of $140.55 million, a PE ratio of -1.63 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. Orion Office REIT Inc. has a fifty-two week low of $2.20 and a fifty-two week high of $4.39. The firm’s 50-day simple moving average is $3.75 and its two-hundred day simple moving average is $3.89.

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

Orion Office REIT Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Monday, March 31st. Orion Office REIT’s dividend payout ratio (DPR) is presently -4.35%.

Institutional Investors Weigh In On Orion Office REIT

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

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.