Orion Office REIT Inc. (NYSE:ONL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Orion Office REIT Inc. (NYSE:ONL) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,830 shares of the company’s stock after selling 5,880 shares during the period. Nisa Investment Advisors LLC’s holdings in Orion Office REIT were worth $108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Orion Office REIT in the 2nd quarter worth approximately $30,000. Covestor Ltd raised its holdings in shares of Orion Office REIT by 2,607.3% in the 1st quarter. Covestor Ltd now owns 2,599 shares of the company’s stock worth $36,000 after purchasing an additional 2,503 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Orion Office REIT in the 3rd quarter worth approximately $53,000. Quantbot Technologies LP bought a new stake in shares of Orion Office REIT in the 3rd quarter worth approximately $54,000. Finally, Spire Wealth Management raised its holdings in shares of Orion Office REIT by 82.5% in the 3rd quarter. Spire Wealth Management now owns 10,295 shares of the company’s stock worth $54,000 after purchasing an additional 4,655 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Stock Up 3.3 %

NYSE ONL opened at $3.16 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.81 and a quick ratio of 0.81. The company’s 50 day simple moving average is $3.68 and its 200 day simple moving average is $4.70. Orion Office REIT Inc. has a 12 month low of $3.01 and a 12 month high of $7.07. The company has a market capitalization of $176.45 million, a P/E ratio of -3.10 and a beta of 0.86.

Orion Office REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.66%. Orion Office REIT’s dividend payout ratio is currently -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.