Vanguard Group Inc. Sells 685,365 Shares of Orion Office REIT Inc. (NYSE:ONL)

Vanguard Group Inc. lessened its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 10.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,708,042 shares of the company’s stock after selling 685,365 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Orion Office REIT worth $29,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ONL. JPMorgan Chase & Co. raised its position in Orion Office REIT by 43.9% in the 1st quarter. JPMorgan Chase & Co. now owns 251,198 shares of the company’s stock valued at $3,518,000 after buying an additional 76,685 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Orion Office REIT by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 467,502 shares of the company’s stock worth $6,544,000 after purchasing an additional 16,445 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Orion Office REIT by 7.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,144 shares of the company’s stock worth $478,000 after purchasing an additional 2,234 shares during the last quarter. Rhumbline Advisers increased its position in shares of Orion Office REIT by 3.7% during the 1st quarter. Rhumbline Advisers now owns 139,778 shares of the company’s stock worth $1,957,000 after purchasing an additional 4,931 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Orion Office REIT by 19.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,817 shares of the company’s stock worth $683,000 after purchasing an additional 7,874 shares during the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Up 2.2 %

NYSE:ONL opened at $3.23 on Friday. The firm has a market capitalization of $180.36 million, a price-to-earnings ratio of -3.17 and a beta of 0.86. Orion Office REIT Inc. has a twelve month low of $3.12 and a twelve month high of $7.07. The stock’s 50 day moving average price is $3.88 and its two-hundred day moving average price is $4.78. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.53.

Orion Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 12.38%. The ex-dividend date of this dividend is Wednesday, March 27th. Orion Office REIT’s dividend payout ratio (DPR) is -39.22%.

Orion Office REIT 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.