Orion Office REIT Inc. (NYSE:ONL) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its position in Orion Office REIT Inc. (NYSE:ONL) by 23.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 117,934 shares of the company’s stock after purchasing an additional 22,759 shares during the period. Jane Street Group LLC owned approximately 0.21% of Orion Office REIT worth $472,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Orion Office REIT by 25.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 296,389 shares of the company’s stock worth $1,064,000 after buying an additional 59,480 shares in the last quarter. Private Management Group Inc. grew its stake 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 worth $18,388,000 after purchasing an additional 189,201 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Orion Office REIT during the second quarter valued at $143,000. Renaissance Technologies LLC increased its holdings in shares of Orion Office REIT by 35.9% during the second quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock valued at $7,137,000 after purchasing an additional 525,400 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Orion Office REIT during the second quarter valued at about $92,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

Shares of ONL opened at $3.93 on Tuesday. The firm has a market capitalization of $219.88 million, a PE ratio of -2.55 and a beta of 1.07. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $3.93 and a 200 day moving average price of $3.90. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $5.65.

Orion Office REIT Dividend Announcement

The business 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. This represents a $0.40 annualized dividend and a dividend yield of 10.18%. The ex-dividend date of this dividend 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.