Delap Wealth Advisory LLC Buys New Shares in Orion Office REIT Inc. (NYSE:ONL)

Delap Wealth Advisory LLC purchased a new position in shares of Orion Office REIT Inc. (NYSE:ONL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,164 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in Orion Office REIT by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,574 shares of the company’s stock worth $62,000 after buying an additional 3,161 shares during the last quarter. Oak Thistle LLC increased its position in Orion Office REIT by 53.1% during the first quarter. Oak Thistle LLC now owns 18,086 shares of the company’s stock worth $63,000 after buying an additional 6,272 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Orion Office REIT by 39.8% during the second quarter. Nisa Investment Advisors LLC now owns 26,281 shares of the company’s stock worth $97,000 after buying an additional 7,481 shares during the last quarter. Virginia Wealth Management Group Inc. bought a new stake in shares of Orion Office REIT during the second quarter worth approximately $36,000. Finally, RPO LLC bought a new stake in shares of Orion Office REIT during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Analyst Ratings Changes

Separately, JMP Securities restated a “market perform” rating on shares of Orion Office REIT in a report on Tuesday, June 11th.

Orion Office REIT Trading Down 4.7 %

Shares of NYSE:ONL opened at $4.07 on Friday. Orion Office REIT Inc. has a 12-month low of $3.01 and a 12-month high of $6.22. The stock has a market cap of $227.72 million, a PE ratio of -3.06 and a beta of 0.99. The business has a 50 day moving average of $3.98 and a 200-day moving average of $3.63. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.56.

Orion Office REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date of this dividend is Monday, September 30th. Orion Office REIT’s dividend payout ratio is presently -30.08%.

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.