Orion Office REIT Inc. (NYSE:ONL – Get Free Report) insider Gary E. Landriau bought 9,446 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $23,331.62. Following the completion of the transaction, the insider now directly owns 93,024 shares of the company’s stock, valued at approximately $229,769.28. The trade was a 11.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Orion Office REIT Stock Performance
Shares of ONL stock traded down $0.03 during trading hours on Thursday, reaching $2.31. 1,117,458 shares of the company traded hands, compared to its average volume of 387,747. Orion Office REIT Inc. has a 12-month low of $2.21 and a 12-month high of $4.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $129.33 million, a P/E ratio of -1.50 and a beta of 1.07. The firm has a 50-day moving average price of $3.84 and a 200 day moving average price of $3.93.
Orion Office REIT (NYSE:ONL – Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.18 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 $38.36 million for the quarter.
Orion Office REIT Cuts Dividend
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock worth $30,000 after purchasing an additional 6,989 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Orion Office REIT in the 4th quarter worth approximately $32,000. Abel Hall LLC bought a new stake in Orion Office REIT in the 4th quarter worth approximately $38,000. Franklin Resources Inc. bought a new stake in Orion Office REIT in the 3rd quarter worth approximately $40,000. Finally, Evoke Wealth LLC bought a new stake in Orion Office REIT in the 4th quarter worth approximately $43,000. 79.95% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
- Five stocks we like better than Orion Office REIT
- What is the S&P 500 and How It is Distinct from Other Indexes
- 3 Undervalued Stocks You Can Buy at a Discount Now
- How to Calculate Retirement Income: MarketBeat’s Calculator
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- There Are Different Types of Stock To Invest In
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Receive News & Ratings for Orion Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orion Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.