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

Orion Office REIT Inc. (NYSE:ONL) insider Gary E. Landriau purchased 9,446 shares of Orion Office REIT stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $2.47 per share, for a total transaction of $23,331.62. Following the transaction, the insider now directly owns 93,024 shares of the company’s stock, valued at $229,769.28. This trade represents a 11.30 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Orion Office REIT Stock Performance

Shares of ONL opened at $2.31 on Friday. The company has a 50-day simple moving average of $3.84 and a two-hundred day simple moving average of $3.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $129.33 million, a PE ratio of -1.50 and a beta of 1.07. Orion Office REIT Inc. has a one year low of $2.20 and a one year high of $4.39.

Orion Office REIT (NYSE:ONL) last released its earnings results on Wednesday, March 5th. The company reported $0.18 EPS for the quarter. The company 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, March 31st. Orion Office REIT’s dividend payout ratio is presently -4.35%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ONL. JPMorgan Chase & Co. lifted its holdings in shares of Orion Office REIT by 69.4% during the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after purchasing an additional 106,383 shares during the last quarter. Stifel Financial Corp raised its stake in Orion Office REIT by 36.2% during the third quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock valued at $186,000 after buying an additional 12,326 shares during the last quarter. Barclays PLC boosted its holdings in Orion Office REIT by 252.1% in the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock worth $295,000 after acquiring an additional 52,788 shares in the last quarter. Jane Street Group LLC boosted its holdings in Orion Office REIT by 23.9% in the third quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock worth $472,000 after acquiring an additional 22,759 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Orion Office REIT by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company’s stock worth $6,050,000 after acquiring an additional 7,733 shares during the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

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.