Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Insider Buys 12,000 Shares of Stock

Orion Office REIT Inc. (NYSE:ONL) insider Paul H. Mcdowell purchased 12,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was acquired 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 owns 293,895 shares of the company’s stock, valued at approximately $728,859.60. This represents a 4.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Orion Office REIT Price Performance

Shares of NYSE:ONL traded up $0.11 during midday trading on Monday, hitting $2.51. The company’s stock had a trading volume of 980,563 shares, compared to its average volume of 387,207. The business’s 50 day simple moving average is $3.78 and its 200 day simple moving average is $3.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market cap of $140.55 million, a P/E ratio of -1.63 and a beta of 1.07. Orion Office REIT Inc. has a 12-month low of $2.20 and a 12-month high of $4.39.

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

Orion Office REIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.19%. 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 institutional investors have recently made changes to their positions in ONL. Geode Capital Management LLC grew its holdings in Orion Office REIT by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 1,563,825 shares of the company’s stock worth $5,803,000 after acquiring an additional 51,682 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Orion Office REIT by 2.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 561,840 shares of the company’s stock valued at $2,084,000 after buying an additional 12,538 shares in the last quarter. Northern Trust Corp boosted its stake in Orion Office REIT by 3.6% during the 4th quarter. Northern Trust Corp now owns 459,247 shares of the company’s stock worth $1,704,000 after purchasing an additional 16,117 shares during the period. JPMorgan Chase & Co. boosted its stake in Orion Office REIT by 44.0% during the 4th quarter. JPMorgan Chase & Co. now owns 373,925 shares of the company’s stock worth $1,387,000 after purchasing an additional 114,171 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Orion Office REIT during the 4th quarter worth $1,109,000. Institutional investors and hedge funds 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.