Charles Schwab Investment Management Inc. Sells 58,246 Shares of Orion Office REIT Inc. (NYSE:ONL)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 8.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 656,047 shares of the company’s stock after selling 58,246 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.17% of Orion Office REIT worth $2,624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Delap Wealth Advisory LLC acquired a new stake in Orion Office REIT during the 2nd quarter worth approximately $44,000. Intech Investment Management LLC acquired a new position in Orion Office REIT in the 3rd quarter valued at $47,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Orion Office REIT by 41.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock valued at $48,000 after acquiring an additional 3,928 shares in the last quarter. Dupree Financial Group LLC acquired a new position in Orion Office REIT in the 2nd quarter valued at $54,000. Finally, CWM LLC raised its holdings in Orion Office REIT by 284.7% in the 2nd quarter. CWM LLC now owns 17,032 shares of the company’s stock valued at $61,000 after acquiring an additional 12,605 shares in the last quarter. 79.95% of the stock is currently owned by institutional investors.

Orion Office REIT Price Performance

Shares of NYSE ONL opened at $3.99 on Monday. The stock has a market capitalization of $223.23 million, a PE ratio of -2.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The business has a fifty day moving average price of $3.98 and a two-hundred day moving average price of $3.87. Orion Office REIT Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $6.22.

Orion Office REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.03%. Orion Office REIT’s dividend payout ratio (DPR) is currently -25.97%.

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.