Stifel Financial Corp Buys 12,326 Shares of Orion Office REIT Inc. (NYSE:ONL)

Stifel Financial Corp grew its stake in shares of Orion Office REIT Inc. (NYSE:ONL) by 36.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,416 shares of the company’s stock after acquiring an additional 12,326 shares during the period. Stifel Financial Corp owned 0.08% of Orion Office REIT worth $186,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in Orion Office REIT by 144.8% during the 3rd quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock worth $915,000 after purchasing an additional 135,362 shares during the last quarter. FMR LLC lifted its holdings in shares of Orion Office REIT by 23.5% during the third quarter. FMR LLC now owns 24,985 shares of the company’s stock worth $100,000 after buying an additional 4,750 shares in the last quarter. Private Management Group Inc. boosted its position in shares of Orion Office REIT by 3.8% in the second quarter. Private Management Group Inc. now owns 5,122,014 shares of the company’s stock valued at $18,388,000 after acquiring an additional 189,201 shares during the period. AQR Capital Management LLC grew its stake in shares of Orion Office REIT by 56.0% in the second quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock valued at $5,944,000 after acquiring an additional 618,291 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Orion Office REIT by 35.9% during 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 period. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Price Performance

Shares of Orion Office REIT stock opened at $3.73 on Tuesday. The company has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $3.89. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $5.91. The stock has a market capitalization of $208.69 million, a price-to-earnings ratio of -2.42 and a beta of 1.06. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.72%. The ex-dividend date of this dividend is Tuesday, December 31st. Orion Office REIT’s dividend payout ratio (DPR) is currently -25.97%.

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.