Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Director Acquires 40,000 Shares of Stock

Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard acquired 40,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $2.35 per share, with a total value of $94,000.00. Following the acquisition, the director now owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. This represents a 57.43 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Orion Office REIT Stock Performance

NYSE ONL opened at $2.36 on Thursday. The firm has a market cap of $132.14 million, a price-to-earnings ratio of -1.53 and a beta of 1.07. The company has a 50 day moving average of $3.69 and a 200-day moving average of $3.87. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. Orion Office REIT Inc. has a 1-year low of $2.20 and a 1-year high of $4.39.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $38.36 million during 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 3.40%. Orion Office REIT’s dividend payout ratio (DPR) is currently -4.35%.

Institutional Trading of Orion Office REIT

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of Orion Office REIT by 18.5% during 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 during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 purchasing an additional 3,976 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake 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 purchasing an additional 4,000 shares during the last quarter. Rhumbline Advisers grew its stake 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 purchasing an additional 4,462 shares during the last quarter. Finally, FMR LLC grew its stake 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 purchasing an additional 4,750 shares during 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.