Weiss Ratings Reiterates “Sell (D-)” Rating for Orion Office REIT (NYSE:ONL)

Orion Office REIT (NYSE:ONL)‘s stock had its “sell (d-)” rating reissued by Weiss Ratings in a research note issued on Saturday,Weiss Ratings reports.

Orion Office REIT Stock Performance

NYSE:ONL opened at $2.62 on Friday. Orion Office REIT has a 1 year low of $1.46 and a 1 year high of $4.30. The firm has a 50 day moving average of $2.74 and a 200-day moving average of $2.34. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $147.26 million, a P/E ratio of -1.88 and a beta of 1.41.

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

Insider Activity

In other news, Director Reginald Harold Gilyard acquired 55,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was acquired at an average price of $2.91 per share, for a total transaction of $160,050.00. Following the transaction, the director directly owned 227,778 shares in the company, valued at approximately $662,833.98. This represents a 31.83% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

Institutional Trading of Orion Office REIT

Large investors have recently made changes to their positions in the company. Gabelli Funds LLC acquired a new position in Orion Office REIT in the 2nd quarter worth $26,000. PNC Financial Services Group Inc. lifted its position in Orion Office REIT by 72.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock worth $29,000 after buying an additional 5,741 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in Orion Office REIT during the 2nd quarter worth about $30,000. Private Advisor Group LLC lifted its position in Orion Office REIT by 65.3% during the 1st quarter. Private Advisor Group LLC now owns 19,135 shares of the company’s stock worth $41,000 after buying an additional 7,557 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd bought a new stake in Orion Office REIT during the 2nd quarter worth about $48,000. Institutional investors own 79.95% of the company’s stock.

About Orion Office REIT

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.