SG Americas Securities LLC Grows Stake in Orion Office REIT Inc. (NYSE:ONL)

SG Americas Securities LLC boosted its position in Orion Office REIT Inc. (NYSE:ONL) by 18.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,130 shares of the company’s stock after buying an additional 4,872 shares during the period. SG Americas Securities LLC’s holdings in Orion Office REIT were worth $178,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of ONL. State of Wyoming purchased a new position in Orion Office REIT in the 2nd quarter valued at approximately $30,000. Covestor Ltd increased its stake in Orion Office REIT by 2,607.3% in the 1st quarter. Covestor Ltd now owns 2,599 shares of the company’s stock valued at $36,000 after purchasing an additional 2,503 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Orion Office REIT in the 3rd quarter valued at approximately $53,000. Quantbot Technologies LP purchased a new position in Orion Office REIT in the 3rd quarter valued at approximately $54,000. Finally, Spire Wealth Management increased its position in Orion Office REIT by 82.5% during the third quarter. Spire Wealth Management now owns 10,295 shares of the company’s stock worth $54,000 after buying an additional 4,655 shares in the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Stock Performance

Orion Office REIT stock opened at $3.16 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a fifty day moving average of $3.85 and a two-hundred day moving average of $4.76. The company has a market capitalization of $176.45 million, a price-to-earnings ratio of -3.10 and a beta of 0.86. Orion Office REIT Inc. has a fifty-two week low of $3.12 and a fifty-two week high of $7.07.

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 yield of 12.66%. The ex-dividend date of this dividend is Wednesday, March 27th. Orion Office REIT’s payout ratio 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.