Gary E. Landriau Buys 9,446 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL) insider Gary E. Landriau acquired 9,446 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $2.47 per share, with a total value of $23,331.62. Following the acquisition, the insider now directly owns 93,024 shares in the company, valued at $229,769.28. This represents a 11.30 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Orion Office REIT Trading Up 4.6 %

Shares of NYSE:ONL opened at $2.41 on Friday. Orion Office REIT Inc. has a 52-week low of $2.20 and a 52-week high of $4.39. The company has a market capitalization of $134.94 million, a P/E ratio of -1.56 and a beta of 1.07. The company has a 50-day simple moving average of $3.78 and a 200 day simple moving average of $3.90. 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 (NYSE:ONL) last issued its earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 3.33%. Orion Office REIT’s dividend payout ratio (DPR) is currently -4.35%.

Institutional Investors Weigh In On Orion Office REIT

Hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its position in shares of Orion Office REIT by 1,215.5% in the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after buying an additional 6,989 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of Orion Office REIT in the fourth quarter valued at approximately $32,000. Abel Hall LLC acquired a new stake in shares of Orion Office REIT in the fourth quarter valued at approximately $38,000. Franklin Resources Inc. acquired a new stake in shares of Orion Office REIT in the third quarter valued at approximately $40,000. Finally, Evoke Wealth LLC acquired a new stake in shares of Orion Office REIT in the fourth quarter valued at approximately $43,000. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Orion Office REIT Company Profile

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.