1 day Ago By Defense World Staff
Norges Bank bought a new stake in shares of Orion Office REIT Inc. (NYSE:ONL – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 75,424 shares of the company’s stock, valued at approximately $280,000.
Norges Bank owned approximately 0.13% of Orion Office REIT at the end of the most recent reporting period. Several other large investors have also added to or reduced their stakes in ONL.
Allworth Financial LP lifted its stake 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 buying an additional 6,989 shares during the period.
Abel Hall LLC acquired a new position in shares of Orion Office REIT during the 4th quarter valued at $38,000. Franklin Resources Inc. acquired a new position in shares of Orion Office REIT during the 3rd quarter valued at $40,000.
Evoke Wealth LLC bought a new position in Orion Office REIT during the fourth quarter worth $43,000. Finally, SG Americas Securities LLC grew its holdings 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 worth $89,000 after purchasing an additional 3,752 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.
Orion Office REIT Trading Up 3.5 %ONL opened at $1.61 on Friday.
The company has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.59.
Orion Office REIT Inc. has a 1-year low of $1.50 and a 1-year high of $4.
39. The company has a market cap of $90.05 million, a P/E ratio of -1.
04 and a beta of 1.33. The company has a current ratio of 0.
75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.
Orion Office REIT (NYSE:ONL – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.18 EPS for the quarter.
Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%.
The business had revenue of $38.36 million during the quarter. Orion Office REIT Cuts DividendThe company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th.
Stockholders of record on Monday, March 31st will be given a dividend of $0.02 per share. This represents a $0.
08 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, March 31st.
Orion Office REIT’s payout ratio is -4.35%. Insider Buying and SellingIn related news, insider Paul H.
Mcdowell purchased 12,000 shares of the business’s stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $2.48 per share, for a total transaction of $29,760.
00. Following the purchase, the insider now owns 293,895 shares of the company’s stock, valued at approximately $728,859.60.
This trade represents a 4.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Also, Director Reginald Harold Gilyard acquired 40,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was 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 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 have bought a total of 61,446 shares of company stock worth $147,092 in the last ninety days. Corporate insiders own 0.16% of the company’s stock.
Orion Office REIT Company Profile (Free Report)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.
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