D. E. Shaw & Co. Inc. Purchases 12,538 Shares of Orion Office REIT Inc. (NYSE:ONL)

D. E. Shaw & Co. Inc. boosted its position in Orion Office REIT Inc. (NYSE:ONL) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 561,840 shares of the company’s stock after purchasing an additional 12,538 shares during the period. D. E. Shaw & Co. Inc. owned approximately 1.00% of Orion Office REIT worth $2,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Orion Office REIT by 1,215.5% during the fourth quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock worth $30,000 after acquiring an additional 6,989 shares during the period. BNP Paribas Financial Markets purchased a new position in Orion Office REIT during the fourth quarter valued at approximately $32,000. Abel Hall LLC purchased a new position in Orion Office REIT during the fourth quarter valued at approximately $38,000. Evoke Wealth LLC purchased a new position in Orion Office REIT during the fourth quarter valued at approximately $43,000. Finally, Pitcairn Co. purchased a new position in Orion Office REIT during the fourth quarter valued at approximately $50,000. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

Shares of ONL stock opened at $1.79 on Wednesday. The firm has a market cap of $100.31 million, a price-to-earnings ratio of -1.16 and a beta of 1.34. The company’s 50 day moving average is $1.93 and its 200 day moving average is $3.20. 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 Inc. has a 52-week low of $1.46 and a 52-week high of $4.39.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $38.00 million for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.

Orion Office REIT Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 4.48%. Orion Office REIT’s dividend payout ratio (DPR) is -5.19%.

Insider Buying and Selling at Orion Office REIT

In other news, Director Reginald Harold Gilyard bought 40,000 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $2.35 per share, for a total transaction 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. The trade was a 57.43% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul H. Mcdowell acquired 12,000 shares of the stock in a transaction dated Monday, March 17th. The shares were bought at an average price 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 trade represents a 4.26% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 61,446 shares of company stock worth $147,092 over the last three months. Corporate 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.