Public Employees Retirement System of Ohio Sells 4,500 Shares of Orion Office REIT Inc. $ONL

Public Employees Retirement System of Ohio reduced its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 7.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 53,857 shares of the company’s stock after selling 4,500 shares during the period. Public Employees Retirement System of Ohio owned about 0.10% of Orion Office REIT worth $115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Management Group Inc. lifted its stake in shares of Orion Office REIT by 22.0% during the 1st quarter. Private Management Group Inc. now owns 5,200,121 shares of the company’s stock worth $11,128,000 after acquiring an additional 939,129 shares during the last quarter. Kawa Capital Management Inc lifted its stake in shares of Orion Office REIT by 17.1% during the 2nd quarter. Kawa Capital Management Inc now owns 2,958,934 shares of the company’s stock worth $6,303,000 after acquiring an additional 431,896 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Orion Office REIT during the 1st quarter worth approximately $1,304,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Orion Office REIT by 7.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 314,679 shares of the company’s stock worth $673,000 after acquiring an additional 21,190 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in shares of Orion Office REIT by 45.7% during the 1st quarter. GSA Capital Partners LLP now owns 288,384 shares of the company’s stock worth $617,000 after acquiring an additional 90,405 shares during the last quarter. 79.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Orion Office REIT news, Director Reginald Harold Gilyard bought 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average cost of $2.91 per share, for a total transaction of $160,050.00. Following the purchase, the director directly owned 227,778 shares in the company, valued at $662,833.98. This represents a 31.83% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Orion Office REIT Trading Down 1.4%

Shares of NYSE:ONL opened at $2.56 on Wednesday. Orion Office REIT Inc. has a 12-month low of $1.46 and a 12-month high of $4.32. The business’s fifty day simple moving average is $2.75 and its 200-day simple moving average is $2.29. The company has a market capitalization of $143.88 million, a PE ratio of -1.84 and a beta of 1.41. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.20 earnings per share (EPS) for the quarter. Orion Office REIT had a negative return on equity of 10.15% and a negative net margin of 50.67%.The business had revenue of $37.31 million for the quarter.

Orion Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 30th. Orion Office REIT’s payout ratio is -5.76%.

Analysts Set New Price Targets

ONL has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a research note on Saturday, September 27th. JMP Securities reaffirmed a “market perform” rating on shares of Orion Office REIT in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Orion Office REIT presently has a consensus rating of “Reduce”.

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.