Charles Schwab Investment Management Inc. Sells 47,169 Shares of Orion Office REIT Inc. (NYSE:ONL)

Charles Schwab Investment Management Inc. decreased its position in Orion Office REIT Inc. (NYSE:ONL) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 608,878 shares of the company’s stock after selling 47,169 shares during the period. Charles Schwab Investment Management Inc. owned 1.09% of Orion Office REIT worth $2,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock valued at $30,000 after purchasing an additional 6,989 shares during the last quarter. Abel Hall LLC acquired a new position in Orion Office REIT in the fourth quarter valued at approximately $38,000. Franklin Resources Inc. bought a new position in Orion Office REIT in the third quarter valued at approximately $40,000. Intech Investment Management LLC acquired a new stake in Orion Office REIT during the 3rd quarter worth $47,000. Finally, SG Americas Securities LLC grew its holdings in Orion Office REIT by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 24,052 shares of the company’s stock worth $89,000 after acquiring an additional 3,752 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Orion Office REIT Stock Performance

ONL stock opened at $2.17 on Friday. Orion Office REIT Inc. has a twelve month low of $2.10 and a twelve month high of $4.39. 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 company has a market cap of $121.48 million, a P/E ratio of -1.41 and a beta of 1.07. The business’s fifty day moving average is $3.46 and its 200-day moving average is $3.78.

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

Orion Office REIT Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, March 31st. Orion Office REIT’s payout ratio is presently -4.35%.

Insider Buying and Selling at Orion Office REIT

In other Orion Office REIT news, insider Paul H. Mcdowell bought 12,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $2.48 per share, with a total value of $29,760.00. Following the purchase, the insider now owns 293,895 shares in the company, valued at $728,859.60. This trade represents a 4.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reginald Harold Gilyard bought 40,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $2.35 per share, for a total transaction of $94,000.00. Following the completion of the acquisition, the director now directly owns 109,647 shares in the company, valued at approximately $257,670.45. This trade represents a 57.43 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 61,446 shares of company stock valued at $147,092. Corporate insiders own 0.42% of the company’s stock.

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.