Orion Office REIT Inc. (ONL) To Go Ex-Dividend on March 31st

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.02 per share on Tuesday, April 15th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Monday, March 31st.

Orion Office REIT Price Performance

Shares of ONL stock opened at $2.17 on Friday. The firm has a fifty day moving average of $3.46 and a two-hundred day moving average of $3.78. The firm has a market cap of $121.48 million, a P/E ratio of -1.41 and a beta of 1.07. Orion Office REIT has a 1-year low of $2.10 and a 1-year high of $4.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75.

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

Insider Activity at Orion Office REIT

In related news, insider Paul H. Mcdowell bought 12,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was bought at an average cost of $2.48 per share, for a total transaction of $29,760.00. Following the completion of the purchase, the insider now directly owns 293,895 shares in the company, valued at approximately $728,859.60. The trade was a 4.26 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Reginald Harold Gilyard purchased 40,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 disclosure for this purchase can be found here. In the last ninety days, insiders have bought 61,446 shares of company stock valued at $147,092. Corporate insiders own 0.42% 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.