Orion Office REIT Inc. (NYSE:ONL) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 144.8% in the third quarter, HoldingsChannel.com reports. The firm owned 228,839 shares of the company’s stock after acquiring an additional 135,362 shares during the quarter. GSA Capital Partners LLP’s holdings in Orion Office REIT were worth $915,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ONL. AQR Capital Management LLC lifted its position in Orion Office REIT by 56.0% in the second quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock valued at $5,944,000 after buying an additional 618,291 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Orion Office REIT by 35.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock worth $7,137,000 after acquiring an additional 525,400 shares during the last quarter. Private Management Group Inc. boosted its position in shares of Orion Office REIT by 3.8% during the 2nd quarter. Private Management Group Inc. now owns 5,122,014 shares of the company’s stock worth $18,388,000 after purchasing an additional 189,201 shares during the period. Bank of New York Mellon Corp increased its holdings in Orion Office REIT by 25.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 296,389 shares of the company’s stock valued at $1,064,000 after purchasing an additional 59,480 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in Orion Office REIT in the second quarter valued at approximately $143,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Stock Down 0.8 %

NYSE:ONL opened at $3.83 on Friday. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $6.22. 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 stock’s fifty day moving average is $3.96 and its two-hundred day moving average is $3.80. The stock has a market capitalization of $214.28 million, a price-to-earnings ratio of -2.49 and a beta of 0.99.

Orion Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.44%. The ex-dividend date is Tuesday, December 31st. Orion Office REIT’s dividend payout ratio (DPR) is -25.97%.

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.