Reginald Harold Gilyard Acquires 40,000 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard bought 40,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $2.35 per share, for a total transaction of $94,000.00. Following the purchase, the director now directly owns 109,647 shares in the company, valued at approximately $257,670.45. This trade represents a 57.43 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Orion Office REIT Stock Down 5.4 %

ONL opened at $2.36 on Wednesday. Orion Office REIT Inc. has a twelve month low of $2.20 and a twelve month high of $4.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $3.72 and a 200-day moving average price of $3.88. The stock has a market capitalization of $132.14 million, a price-to-earnings ratio of -1.53 and a beta of 1.07.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%. The firm had revenue of $38.36 million for the quarter.

Orion Office REIT Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid 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 dividend yield of 3.40%. Orion Office REIT’s dividend payout ratio is currently -4.35%.

Institutional Investors Weigh In On Orion Office REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP grew its position in Orion Office REIT by 1,215.5% during 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 during the period. BNP Paribas Financial Markets purchased a new position in shares of Orion Office REIT during the 4th quarter worth $32,000. Abel Hall LLC purchased a new position in shares of Orion Office REIT during the 4th quarter worth $38,000. Franklin Resources Inc. bought a new stake in shares of Orion Office REIT during the 3rd quarter valued at $40,000. Finally, Evoke Wealth LLC purchased a new stake in shares of Orion Office REIT in the 4th quarter worth $43,000. Hedge funds and other institutional investors 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.