Orion Office REIT Inc. (NYSE:ONL) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its position in Orion Office REIT Inc. (NYSE:ONL) by 9.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 258,921 shares of the company’s stock after purchasing an additional 21,448 shares during the period. Bank of New York Mellon Corp owned 0.46% of Orion Office REIT worth $961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Orion Office REIT by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after purchasing an additional 106,383 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Orion Office REIT by 36.2% in the 3rd quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock worth $186,000 after acquiring an additional 12,326 shares during the last quarter. Barclays PLC raised its holdings in shares of Orion Office REIT by 252.1% during the 3rd quarter. Barclays PLC now owns 73,730 shares of the company’s stock worth $295,000 after acquiring an additional 52,788 shares during the period. Jane Street Group LLC boosted its position in shares of Orion Office REIT by 23.9% during the 3rd quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock valued at $472,000 after acquiring an additional 22,759 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Orion Office REIT by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company’s stock valued at $6,050,000 after purchasing an additional 7,733 shares during the period. Institutional investors and hedge funds own 79.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Reginald Harold Gilyard purchased 40,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $2.35 per share, for a total transaction of $94,000.00. Following the completion of the purchase, the director now directly owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. This trade represents a 57.43 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul H. Mcdowell purchased 12,000 shares of the stock in a transaction dated Monday, March 17th. The shares were purchased at an average price of $2.48 per share, with a total value of $29,760.00. Following the completion of the transaction, the insider now owns 293,895 shares of the company’s stock, valued at approximately $728,859.60. This trade represents a 4.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 61,446 shares of company stock valued at $147,092. 0.16% of the stock is currently owned by insiders.

Orion Office REIT Price Performance

Orion Office REIT stock opened at $2.15 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $120.63 million, a P/E ratio of -1.40 and a beta of 1.07. The company has a 50-day moving average price of $3.57 and a 200 day moving average price of $3.82. Orion Office REIT Inc. has a 12-month low of $2.12 and a 12-month high of $4.39.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.18 EPS for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The firm had revenue of $38.36 million for the quarter.

Orion Office REIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Monday, March 31st. Orion Office REIT’s dividend payout ratio is presently -4.35%.

Orion Office REIT Company 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.