Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Director Acquires $94,000.00 in Stock

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

Orion Office REIT Stock Up 0.6 %

Shares of ONL opened at $2.36 on Thursday. The company has a 50-day simple moving average of $3.69 and a 200-day simple moving average of $3.87. The firm has a market capitalization of $132.14 million, a P/E ratio of -1.53 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 52 week low of $2.20 and a 52 week high of $4.39.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.18 EPS for the quarter. The business 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend is Monday, March 31st. Orion Office REIT’s dividend payout ratio is currently -4.35%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ONL. Raymond James Financial Inc. acquired a new position in Orion Office REIT in the fourth quarter worth about $1,109,000. Mariner LLC raised its position in Orion Office REIT by 127.3% in the fourth quarter. Mariner LLC now owns 264,614 shares of the company’s stock worth $982,000 after purchasing an additional 148,223 shares in the last quarter. GSA Capital Partners LLP raised its position in Orion Office REIT by 144.8% in the third quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock worth $915,000 after purchasing an additional 135,362 shares in the last quarter. JPMorgan Chase & Co. raised its position in Orion Office REIT by 44.0% in the fourth quarter. JPMorgan Chase & Co. now owns 373,925 shares of the company’s stock worth $1,387,000 after purchasing an additional 114,171 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in Orion Office REIT by 123.8% in the fourth quarter. Two Sigma Investments LP now owns 157,225 shares of the company’s stock worth $583,000 after purchasing an additional 86,979 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

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.