Orion Office REIT Inc. (NYSE:ONL) Stake Increased by Barclays PLC

Barclays PLC increased its stake in shares of Orion Office REIT Inc. (NYSE:ONL) by 252.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,730 shares of the company’s stock after purchasing an additional 52,788 shares during the quarter. Barclays PLC owned approximately 0.13% of Orion Office REIT worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in Orion Office REIT by 35.9% in the second quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock worth $7,137,000 after purchasing an additional 525,400 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Orion Office REIT during the second quarter valued at approximately $92,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Orion Office REIT by 41.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock valued at $48,000 after buying an additional 3,928 shares during the period. AQR Capital Management LLC increased its stake in Orion Office REIT by 56.0% in the second quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock valued at $5,944,000 after acquiring an additional 618,291 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Orion Office REIT by 16.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,204 shares of the company’s stock worth $83,000 after buying an additional 3,273 shares in the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Stock Down 1.4 %

Shares of NYSE ONL opened at $3.94 on Tuesday. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $5.48. The stock has a market cap of $220.16 million, a PE ratio of -2.56 and a beta of 1.07. The business has a fifty day moving average of $3.93 and a two-hundred day moving average of $3.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75.

Orion Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.17%. The ex-dividend date was Tuesday, December 31st. Orion Office REIT’s dividend payout ratio (DPR) is currently -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.