Insider Buying: Orion Office REIT Inc. (NYSE:ONL) Insider Acquires 12,000 Shares of Stock

Orion Office REIT Inc. (NYSE:ONL) insider Paul H. Mcdowell bought 12,000 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was purchased at an average cost of $2.48 per share, for a total transaction of $29,760.00. Following the completion of the acquisition, the insider now owns 293,895 shares in the company, valued at $728,859.60. This trade represents a 4.26 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Orion Office REIT Stock Down 5.4 %

Shares of ONL stock opened at $2.36 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50-day moving average is $3.72 and its 200-day moving average is $3.88. The stock has a market cap of $132.14 million, a price-to-earnings ratio of -1.53 and a beta of 1.07. Orion Office REIT Inc. has a 52-week low of $2.20 and a 52-week high of $4.39.

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 company had revenue of $38.36 million for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.

Orion Office REIT Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.02 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.40%. Orion Office REIT’s dividend payout ratio (DPR) is currently -4.35%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ONL. Allworth Financial LP grew its stake in 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 buying an additional 6,989 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Orion Office REIT in the 4th quarter valued at about $32,000. Abel Hall LLC acquired a new position in Orion Office REIT in the 4th quarter valued at about $38,000. Franklin Resources Inc. acquired a new position in Orion Office REIT in the 3rd quarter valued at about $40,000. Finally, Evoke Wealth LLC acquired a new position in Orion Office REIT in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 79.95% 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.