Gary E. Landriau Purchases 9,446 Shares of Orion Office REIT Inc. (NYSE:ONL) Stock

Orion Office REIT Inc. (NYSE:ONL) 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) 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

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.02 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.47%. Orion Office REIT’s dividend payout ratio is presently -4.35%.

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.