Cubist Systematic Strategies LLC Sells 42,703 Shares of Orion Office REIT Inc. (NYSE:ONL)

Cubist Systematic Strategies LLC decreased its position in Orion Office REIT Inc. (NYSE:ONL) by 71.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,856 shares of the company’s stock after selling 42,703 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Orion Office REIT were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ONL. SG Americas Securities LLC lifted its position in Orion Office REIT by 18.5% in the fourth quarter. SG Americas Securities LLC now owns 24,052 shares of the company’s stock valued at $89,000 after purchasing an additional 3,752 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Orion Office REIT by 21.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 22,764 shares of the company’s stock valued at $85,000 after purchasing an additional 3,976 shares during the last quarter. Rhumbline Advisers lifted its position in Orion Office REIT by 4.7% in the fourth quarter. Rhumbline Advisers now owns 99,675 shares of the company’s stock valued at $370,000 after purchasing an additional 4,462 shares during the last quarter. Martingale Asset Management L P lifted its position in Orion Office REIT by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 229,839 shares of the company’s stock valued at $853,000 after purchasing an additional 6,616 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Orion Office REIT by 1,215.5% in the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after purchasing an additional 6,989 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

Insider Activity

In other news, Director Reginald Harold Gilyard purchased 40,000 shares of Orion Office REIT stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $2.35 per share, with a total value of $94,000.00. Following the completion of the purchase, the director now directly owns 109,647 shares in the company, valued at approximately $257,670.45. This trade represents a 57.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul H. Mcdowell purchased 12,000 shares of Orion Office REIT stock in a transaction that occurred on Monday, March 17th. The stock was purchased at an average cost of $2.48 per share, for a total transaction of $29,760.00. Following the completion of the purchase, the insider now owns 293,895 shares of the company’s stock, valued at $728,859.60. This trade represents a 4.26% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 61,446 shares of company stock valued at $147,092. Company insiders own 0.16% of the company’s stock.

Orion Office REIT Stock Performance

Shares of ONL stock opened at $1.86 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. Orion Office REIT Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $4.39. The stock has a 50 day moving average price of $1.94 and a two-hundred day moving average price of $3.21. The company has a market capitalization of $104.52 million, a P/E ratio of -1.21 and a beta of 1.34.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 earnings per share 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 $38.00 million during the quarter.

Orion Office REIT Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.02 per share. The ex-dividend date was Monday, March 31st. This represents a $0.08 annualized dividend and a dividend yield of 4.30%. Orion Office REIT’s dividend payout ratio (DPR) is presently -5.19%.

Orion Office REIT Company 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.