Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Insider Acquires $29,760.00 in 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 purchased 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 in the company, valued at $728,859.60. This represents a 4.26 % increase in their position. The transaction 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 company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $132.14 million, a price-to-earnings ratio of -1.53 and a beta of 1.07. The firm’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.87. 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 results on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.40%. Orion Office REIT’s dividend payout ratio is currently -4.35%.

Institutional Trading of Orion Office REIT

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in 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 Orion Office REIT in the fourth quarter valued at approximately $32,000. Abel Hall LLC acquired a new stake in Orion Office REIT in the fourth quarter valued at approximately $38,000. Franklin Resources Inc. acquired a new stake in Orion Office REIT in the third quarter valued at approximately $40,000. Finally, Evoke Wealth LLC bought a new position in shares of Orion Office REIT during the fourth quarter valued at $43,000. Institutional investors and hedge funds 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.