Orion Office REIT Inc. (NYSE:ONL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Orion Office REIT Inc. (NYSE:ONL) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,563,825 shares of the company’s stock after purchasing an additional 51,682 shares during the quarter. Geode Capital Management LLC owned about 2.80% of Orion Office REIT worth $5,803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of Orion Office REIT during the 4th quarter worth about $1,109,000. JPMorgan Chase & Co. increased its stake in shares of Orion Office REIT by 44.0% during the fourth quarter. JPMorgan Chase & Co. now owns 373,925 shares of the company’s stock valued at $1,387,000 after acquiring an additional 114,171 shares during the period. Norges Bank acquired a new stake in Orion Office REIT in the fourth quarter worth approximately $280,000. Barclays PLC lifted its position in Orion Office REIT by 252.1% in the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock worth $295,000 after purchasing an additional 52,788 shares during the period. Finally, Jane Street Group LLC boosted its stake in Orion Office REIT by 23.9% during the 3rd quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock valued at $472,000 after purchasing an additional 22,759 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Down 2.2 %

Shares of ONL stock opened at $1.74 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market cap of $97.74 million, a PE ratio of -1.13 and a beta of 1.33. The business’s fifty day moving average is $2.46 and its 200-day moving average is $3.44. Orion Office REIT Inc. has a 1 year low of $1.46 and a 1 year high of $4.39.

Orion Office REIT (NYSE:ONL) last released its earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%. The firm had revenue of $38.36 million for the quarter.

Orion Office REIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.02 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.60%. Orion Office REIT’s payout ratio is currently -4.35%.

Insider Activity at Orion Office REIT

In related news, Director Reginald Harold Gilyard acquired 40,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $2.35 per share, for a total transaction of $94,000.00. Following the acquisition, the director now owns 109,647 shares in the company, valued at approximately $257,670.45. This represents a 57.43 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul H. Mcdowell acquired 12,000 shares of Orion Office REIT stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of $2.48 per share, with a total value of $29,760.00. Following the completion of the purchase, the insider now directly owns 293,895 shares of the company’s stock, valued at approximately $728,859.60. This represents a 4.26 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 61,446 shares of company stock valued at $147,092 over the last ninety days. Insiders own 0.16% of the company’s stock.

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.