State Street Corp Has $5.26 Million Stock Holdings in Orion Office REIT Inc. (NYSE:ONL)

State Street Corp reduced its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 19.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,282,850 shares of the company’s stock after selling 312,861 shares during the period. State Street Corp owned about 2.29% of Orion Office REIT worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in Orion Office REIT during the 3rd quarter worth about $47,000. Delap Wealth Advisory LLC bought a new position in shares of Orion Office REIT during the second quarter worth about $44,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Orion Office REIT by 41.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock worth $48,000 after acquiring an additional 3,928 shares during the period. Proficio Capital Partners LLC bought a new stake in Orion Office REIT in the third quarter valued at approximately $78,000. Finally, SG Americas Securities LLC increased its position in Orion Office REIT by 99.2% during the 3rd quarter. SG Americas Securities LLC now owns 20,300 shares of the company’s stock valued at $81,000 after purchasing an additional 10,111 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Down 2.8 %

Orion Office REIT stock opened at $3.75 on Monday. The firm has a 50 day moving average price of $3.96 and a two-hundred day moving average price of $3.88. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $5.91. The firm has a market cap of $209.81 million, a price-to-earnings ratio of -2.44 and a beta of 1.06.

Orion Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 annualized dividend and a yield of 10.67%. Orion Office REIT’s payout ratio is -25.97%.

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.