Point72 Asia Singapore Pte. Ltd. Increases Stake in Orion Office REIT Inc. (NYSE:ONL)

Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 41.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,476 shares of the company’s stock after purchasing an additional 3,928 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Orion Office REIT were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Private Management Group Inc. grew its position in Orion Office REIT by 3.8% during the 2nd quarter. Private Management Group Inc. now owns 5,122,014 shares of the company’s stock worth $18,388,000 after purchasing an additional 189,201 shares during the last quarter. Bleakley Financial Group LLC acquired a new position in shares of Orion Office REIT in the first quarter valued at about $69,000. Price T Rowe Associates Inc. MD raised its stake in shares of Orion Office REIT by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,574 shares of the company’s stock worth $62,000 after purchasing an additional 3,161 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Orion Office REIT by 29.9% during the first quarter. Los Angeles Capital Management LLC now owns 496,856 shares of the company’s stock worth $1,744,000 after purchasing an additional 114,400 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Orion Office REIT by 39.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 26,281 shares of the company’s stock valued at $97,000 after acquiring an additional 7,481 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Orion Office REIT Trading Down 1.5 %

Shares of NYSE:ONL opened at $4.00 on Tuesday. The business’s 50 day moving average price is $3.98 and its 200-day moving average price is $3.65. Orion Office REIT Inc. has a 1 year low of $3.01 and a 1 year high of $6.22. The firm has a market capitalization of $223.48 million, a price-to-earnings ratio of -3.01 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.86 and a quick ratio of 0.86.

Orion Office REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, September 30th. This represents a $0.40 annualized dividend and a yield of 10.00%. Orion Office REIT’s dividend payout ratio (DPR) is currently -30.08%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market perform” rating on shares of Orion Office REIT in a research note on Tuesday, June 11th.

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.