JPMorgan Chase & Co. Has $1.04 Million Stake in Orion Office REIT Inc. (NYSE:ONL)

JPMorgan Chase & Co. increased its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 69.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,754 shares of the company’s stock after buying an additional 106,383 shares during the period. JPMorgan Chase & Co. owned 0.46% of Orion Office REIT worth $1,039,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ONL. Franklin Resources Inc. bought a new stake in shares of Orion Office REIT in the 3rd quarter valued at about $40,000. Intech Investment Management LLC bought a new stake in Orion Office REIT in the third quarter valued at approximately $47,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Orion Office REIT by 41.1% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock worth $48,000 after purchasing an additional 3,928 shares during the period. Proficio Capital Partners LLC acquired a new stake in Orion Office REIT in the third quarter worth $78,000. Finally, SG Americas Securities LLC boosted its position in shares of Orion Office REIT by 99.2% during the third quarter. SG Americas Securities LLC now owns 20,300 shares of the company’s stock worth $81,000 after purchasing an additional 10,111 shares in the last quarter. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Orion Office REIT Stock Performance

ONL stock opened at $3.86 on Friday. Orion Office REIT Inc. has a 1-year low of $3.01 and a 1-year high of $5.48. The business’s 50-day moving average price is $3.94 and its two-hundred day moving average price is $3.94. The firm has a market cap of $215.97 million, a PE ratio of -2.51 and a beta of 1.07. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The business had revenue of $39.18 million for the quarter.

Orion Office REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.40 annualized dividend and a yield of 10.36%. Orion Office REIT’s dividend payout ratio (DPR) is presently -25.97%.

Orion Office REIT 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.