Point72 Asia Singapore Pte. Ltd. Has $48,000 Stock Holdings in Orion Office REIT Inc. (NYSE:ONL)

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

Other institutional investors and hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC raised its holdings in Orion Office REIT by 29.9% in the 1st quarter. Los Angeles Capital Management LLC now owns 496,856 shares of the company’s stock worth $1,744,000 after acquiring an additional 114,400 shares during the period. Oak Thistle LLC increased its stake in shares of Orion Office REIT by 53.1% in the first quarter. Oak Thistle LLC now owns 18,086 shares of the company’s stock worth $63,000 after purchasing an additional 6,272 shares during the period. HB Wealth Management LLC acquired a new position in shares of Orion Office REIT during the 1st quarter worth about $56,000. Bleakley Financial Group LLC acquired a new position in shares of Orion Office REIT during the 1st quarter worth about $69,000. Finally, Private Management Group Inc. boosted its stake in Orion Office REIT by 3.3% during the 1st quarter. Private Management Group Inc. now owns 4,932,813 shares of the company’s stock valued at $17,314,000 after purchasing an additional 157,366 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Orion Office REIT Price Performance

Shares of NYSE:ONL opened at $3.74 on Friday. The business has a 50 day moving average price of $3.95 and a 200 day moving average price of $3.66. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $6.22. The company has a market cap of $208.95 million, a price-to-earnings ratio of -2.81 and a beta of 0.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.56.

Orion Office REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 10.70%. Orion Office REIT’s payout ratio is -30.08%.

Orion Office REIT Profile

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.