NewEdge Wealth LLC Sells 8,160 Shares of Orion Office REIT Inc. (NYSE:ONL)

NewEdge Wealth LLC lessened its holdings in Orion Office REIT Inc. (NYSE:ONL) by 41.6% in the fourth quarter, HoldingsChannel reports. The fund owned 11,435 shares of the company’s stock after selling 8,160 shares during the period. NewEdge Wealth LLC’s holdings in Orion Office REIT were worth $65,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ONL. State of Wyoming bought a new stake in shares of Orion Office REIT in the second quarter valued at about $30,000. Covestor Ltd lifted its position in Orion Office REIT by 2,607.3% during the first quarter. Covestor Ltd now owns 2,599 shares of the company’s stock worth $36,000 after purchasing an additional 2,503 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Orion Office REIT during the third quarter worth about $53,000. Quantbot Technologies LP bought a new stake in Orion Office REIT during the third quarter worth about $54,000. Finally, Spire Wealth Management lifted 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 purchasing an additional 4,655 shares during the period. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Trading Down 0.6 %

ONL opened at $3.06 on Friday. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $7.07. The company has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $4.71. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $170.87 million, a price-to-earnings ratio of -3.00 and a beta of 0.86.

Orion Office REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.10 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.07%. Orion Office REIT’s dividend payout ratio (DPR) is currently -39.22%.

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.