Sumitomo Mitsui Trust Holdings Inc. Sells 5,237 Shares of Orion Office REIT Inc. (NYSE:ONL)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,042 shares of the company’s stock after selling 5,237 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.12% of Orion Office REIT worth $378,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Orion Office REIT during the third quarter worth approximately $90,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Orion Office REIT by 8.1% during the third quarter. Public Employees Retirement System of Ohio now owns 81,348 shares of the company’s stock worth $424,000 after acquiring an additional 6,072 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Orion Office REIT by 18.6% during the fourth quarter. SG Americas Securities LLC now owns 31,130 shares of the company’s stock worth $178,000 after acquiring an additional 4,872 shares during the period. Private Management Group Inc. raised its position in shares of Orion Office REIT by 53.1% in the third quarter. Private Management Group Inc. now owns 4,602,974 shares of the company’s stock valued at $23,981,000 after buying an additional 1,595,731 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Orion Office REIT by 47.8% in the third quarter. Barclays PLC now owns 42,069 shares of the company’s stock valued at $219,000 after buying an additional 13,609 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Price Performance

NYSE ONL opened at $3.25 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.53. Orion Office REIT Inc. has a 1-year low of $3.01 and a 1-year high of $7.07. The company has a 50 day moving average of $3.55 and a 200-day moving average of $4.66. The company has a market cap of $181.20 million, a price-to-earnings ratio of -3.20 and a beta of 0.86.

Orion Office REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.10 dividend. 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 12.33%. Orion Office REIT’s payout ratio is -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.