Orion Office REIT Inc. (NYSE:ONL) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Orion Office REIT Inc. (NYSE:ONL) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,675 shares of the company’s stock after purchasing an additional 4,462 shares during the quarter. Rhumbline Advisers owned 0.18% of Orion Office REIT worth $370,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Abel Hall LLC purchased a new position in Orion Office REIT in the fourth quarter worth $38,000. SG Americas Securities LLC raised its position in Orion Office REIT by 18.5% in the fourth 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 in the last quarter. JPMorgan Chase & Co. raised its position in Orion Office REIT by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock worth $1,039,000 after acquiring an additional 106,383 shares in the last quarter. Franklin Resources Inc. purchased a new position in Orion Office REIT in the third quarter worth $40,000. Finally, Barclays PLC raised its position in Orion Office REIT by 252.1% in the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock worth $295,000 after acquiring an additional 52,788 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Trading Down 7.9 %

NYSE:ONL opened at $2.51 on Friday. The stock has a fifty day moving average price of $3.92 and a two-hundred day moving average price of $3.96. The stock has a market capitalization of $140.15 million, a price-to-earnings ratio of -1.63 and a beta of 1.07. 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 Inc. has a 1 year low of $2.34 and a 1 year high of $4.39.

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

Orion Office REIT Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, March 31st. Orion Office REIT’s dividend payout ratio is currently -21.74%.

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.