The Manufacturers Life Insurance Company Has $83,000 Stake in Orion Office REIT Inc. (NYSE:ONL)

The Manufacturers Life Insurance Company grew its holdings in Orion Office REIT Inc. (NYSE:ONL) by 16.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,204 shares of the company’s stock after purchasing an additional 3,273 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Orion Office REIT were worth $83,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Private Management Group Inc. lifted 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 buying an additional 189,201 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Orion Office REIT by 35.9% in the second quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock worth $7,137,000 after acquiring an additional 525,400 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Orion Office REIT by 56.0% during the second quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock worth $5,944,000 after purchasing an additional 618,291 shares in the last quarter. Los Angeles Capital Management LLC grew its stake 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 valued at $1,744,000 after purchasing an additional 114,400 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Orion Office REIT by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 296,389 shares of the company’s stock valued at $1,064,000 after purchasing an additional 59,480 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Down 0.7 %

NYSE:ONL opened at $4.23 on Monday. The stock’s fifty day moving average price is $3.97 and its two-hundred day moving average price is $3.70. The company has a market cap of $236.67 million, a price-to-earnings ratio of -2.56 and a beta of 0.99. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $6.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.86 and a current ratio of 0.86.

Orion Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend was Monday, September 30th. Orion Office REIT’s dividend payout ratio (DPR) is presently -24.24%.

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.