Cwm LLC Raises Position in Orion Office REIT Inc. (NYSE:ONL)

Cwm LLC lifted its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 46.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,862 shares of the company’s stock after acquiring an additional 7,830 shares during the quarter. Cwm LLC’s holdings in Orion Office REIT were worth $99,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of Orion Office REIT by 56.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock valued at $5,944,000 after purchasing an additional 618,291 shares during the period. Renaissance Technologies LLC raised its position in shares of Orion Office REIT by 35.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock valued at $7,137,000 after buying an additional 525,400 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of Orion Office REIT by 3.8% in 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 in the last quarter. Bank of New York Mellon Corp grew its position in Orion Office REIT by 25.1% during 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 acquiring an additional 59,480 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in Orion Office REIT in the 2nd quarter worth $143,000. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Down 1.7 %

Shares of Orion Office REIT stock opened at $3.84 on Friday. The company’s 50 day moving average price is $4.00 and its 200-day moving average price is $3.72. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $6.22. The stock has a market capitalization of $214.57 million, a price-to-earnings ratio of -2.32 and a beta of 0.99. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.43%. Orion Office REIT’s dividend payout ratio is currently -24.24%.

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.