Franklin Resources Inc. Invests $40,000 in Orion Office REIT Inc. (NYSE:ONL)

Franklin Resources Inc. bought a new position in shares of Orion Office REIT Inc. (NYSE:ONL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,227 shares of the company’s stock, valued at approximately $40,000.

Other large investors have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Orion Office REIT during the third quarter worth approximately $47,000. Delap Wealth Advisory LLC bought a new position in shares of Orion Office REIT during the second quarter worth approximately $44,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Orion Office REIT by 41.1% during the 2nd 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 last quarter. Proficio Capital Partners LLC bought a new stake in Orion Office REIT in the 3rd quarter valued at $78,000. Finally, SG Americas Securities LLC grew its holdings in Orion Office REIT by 99.2% in the 3rd quarter. SG Americas Securities LLC now owns 20,300 shares of the company’s stock valued at $81,000 after buying an additional 10,111 shares in the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Down 0.3 %

ONL opened at $3.70 on Friday. The stock has a fifty day moving average of $3.93 and a 200-day moving average of $3.89. The company has a market capitalization of $207.01 million, a P/E ratio of -2.40 and a beta of 1.06. Orion Office REIT Inc. has a fifty-two week low of $3.01 and a fifty-two week high of $5.72. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.81%. The ex-dividend date is Tuesday, December 31st. Orion Office REIT’s dividend payout ratio is currently -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.