Invesco Ltd. Sells 8,029 Shares of Orion Office REIT Inc. (NYSE:ONL)

Invesco Ltd. trimmed its holdings in Orion Office REIT Inc. (NYSE:ONL) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,902 shares of the company’s stock after selling 8,029 shares during the quarter. Invesco Ltd. owned 0.54% of Orion Office REIT worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock worth $30,000 after buying an additional 6,989 shares in the last quarter. Abel Hall LLC acquired a new stake in shares of Orion Office REIT in the fourth quarter valued at $38,000. Franklin Resources Inc. bought a new position in shares of Orion Office REIT in the third quarter valued at about $40,000. Evoke Wealth LLC acquired a new position in Orion Office REIT during the 4th quarter worth about $43,000. Finally, Pitcairn Co. acquired a new position in Orion Office REIT during the 4th quarter worth $50,000. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Price Performance

Shares of ONL stock opened at $1.91 on Friday. The stock has a 50-day moving average price of $2.28 and a 200 day moving average price of $3.39. Orion Office REIT Inc. has a 12 month low of $1.46 and a 12 month high of $4.39. The firm has a market cap of $107.01 million, a price-to-earnings ratio of -1.24 and a beta of 1.33. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60.

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

Orion Office REIT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.20%. Orion Office REIT’s payout ratio is presently -4.35%.

Insider Transactions at Orion Office REIT

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