Orion Office REIT Inc. (NYSE:ONL - Get Free Report) insider Gary E. Landriau acquired 9,446 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $2.47 per share, for a total transaction of $23,331.62. Following the completion of the transaction, the insider now directly owns 93,024 shares in the company, valued at $229,769.28. This represents a 11.30 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Orion Office REIT Stock Down 1.1 %
Orion Office REIT stock opened at $2.31 on Friday. Orion Office REIT Inc. has a 12 month low of $2.20 and a 12 month high of $4.39. The stock has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $3.93. 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 cap of $129.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.07.
Orion Office REIT (NYSE:ONL - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $38.36 million during the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.
Orion Office REIT Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.02 per share. 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 3.47%. Orion Office REIT's dividend payout ratio (DPR) is -4.35%.
Institutional Investors Weigh In On Orion Office REIT
Large investors have recently added to or reduced their stakes in the stock. Wolverine Trading LLC bought a new position in shares of Orion Office REIT during the 4th quarter valued at $60,000. Two Sigma Advisers LP increased its position in Orion Office REIT by 104.1% during the fourth quarter. Two Sigma Advisers LP now owns 100,000 shares of the company's stock valued at $371,000 after acquiring an additional 51,000 shares during the last quarter. Two Sigma Investments LP lifted its holdings 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 valued at $583,000 after acquiring an additional 86,979 shares during the period. State of Wyoming purchased a new position in Orion Office REIT in the fourth quarter worth about $49,000. Finally, Sandia Investment Management LP boosted its position in Orion Office REIT by 35.5% in the fourth quarter. Sandia Investment Management LP now owns 25,093 shares of the company's stock worth $93,000 after purchasing an additional 6,578 shares during the last quarter. Institutional investors own 79.95% of the company's stock.
Orion Office REIT Company Profile
(
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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.
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