Franklin Resources Inc. Takes Position in Orion Office REIT Inc. (NYSE:ONL)

Franklin Resources Inc. purchased a new stake in Orion Office REIT Inc. (NYSE:ONL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,227 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Delap Wealth Advisory LLC bought a new position in Orion Office REIT in the second quarter valued at $44,000. Intech Investment Management LLC bought a new position in shares of Orion Office REIT in the 3rd quarter valued at about $47,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Orion Office REIT by 41.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock valued at $48,000 after acquiring an additional 3,928 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Orion Office REIT in the third quarter valued at about $78,000. Finally, SG Americas Securities LLC raised its holdings in Orion Office REIT by 99.2% during the third quarter. SG Americas Securities LLC now owns 20,300 shares of the company’s stock worth $81,000 after acquiring an additional 10,111 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Stock Down 0.3 %

ONL stock opened at $3.70 on Friday. The company has a market cap of $207.01 million, a price-to-earnings ratio of -2.40 and a beta of 1.06. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $5.72. The business has a 50 day moving average price of $3.93 and a two-hundred day moving average price of $3.89. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.81%. The ex-dividend date is Tuesday, December 31st. Orion Office REIT’s dividend payout ratio (DPR) is presently -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.