Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard Buys 40,000 Shares

Orion Office REIT Inc. (NYSE:ONL) Director Reginald Harold Gilyard bought 40,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $2.35 per share, with a total value of $94,000.00. Following the completion of the purchase, the director now directly owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. This represents a 57.43 % 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.

Orion Office REIT Stock Up 3.1 %

NYSE ONL traded up $0.08 during mid-day trading on Monday, reaching $2.48. 420,080 shares of the company’s stock traded hands, compared to its average volume of 388,894. 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 Inc. has a 1-year low of $2.20 and a 1-year high of $4.39. The company has a fifty day simple moving average of $3.78 and a 200-day simple moving average of $3.90. The company has a market cap of $138.87 million, a price-to-earnings ratio of -1.61 and a beta of 1.07.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $38.36 million during the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.

Orion Office REIT Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 3.23%. Orion Office REIT’s dividend payout ratio (DPR) is -4.35%.

Institutional Trading of Orion Office REIT

Several hedge funds and other institutional investors have recently bought and sold shares of ONL. Allworth Financial LP grew its position in shares of 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 acquiring an additional 6,989 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Orion Office REIT during the fourth quarter worth $32,000. Abel Hall LLC acquired a new position in Orion Office REIT in the fourth quarter worth $38,000. Franklin Resources Inc. bought a new position in shares of Orion Office REIT during the third quarter valued at approximately $40,000. Finally, Evoke Wealth LLC acquired a new stake in shares of Orion Office REIT during the 4th quarter worth approximately $43,000. 79.95% of the stock is owned by 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.