Barclays PLC Boosts Stock Position in Orion Office REIT Inc. (NYSE:ONL)

Barclays PLC lifted its position in Orion Office REIT Inc. (NYSE:ONL) by 252.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,730 shares of the company’s stock after buying an additional 52,788 shares during the quarter. Barclays PLC owned approximately 0.13% of Orion Office REIT worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in Orion Office REIT by 36.2% during the 3rd quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock worth $186,000 after purchasing an additional 12,326 shares during the period. GSA Capital Partners LLP increased 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 period. FMR LLC increased its holdings in Orion Office REIT by 23.5% during the 3rd quarter. FMR LLC now owns 24,985 shares of the company’s stock worth $100,000 after purchasing an additional 4,750 shares during the period. Private Management Group Inc. increased its holdings 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 purchasing an additional 189,201 shares during the period. Finally, AQR Capital Management LLC increased its holdings in 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 worth $5,944,000 after purchasing an additional 618,291 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Orion Office REIT Price Performance

Shares of NYSE ONL opened at $3.84 on Monday. The stock’s 50-day moving average is $3.93 and its two-hundred day moving average is $3.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. Orion Office REIT Inc. has a 1-year low of $3.01 and a 1-year high of $5.65. The company has a market cap of $214.84 million, a price-to-earnings ratio of -2.49 and a beta of 1.06.

Orion Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.42%. Orion Office REIT’s payout ratio 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.