Orion Office REIT Inc. (NYSE:ONL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in Orion Office REIT Inc. (NYSE:ONL) by 0.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,512,143 shares of the company’s stock after purchasing an additional 7,733 shares during the period. Geode Capital Management LLC’s holdings in Orion Office REIT were worth $6,050,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of ONL. Barclays PLC raised its stake in Orion Office REIT by 252.1% during 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 during the period. Nomura Asset Management Co. Ltd. boosted its stake in Orion Office REIT by 6.5% in the third quarter. Nomura Asset Management Co. Ltd. now owns 66,000 shares of the company’s stock valued at $264,000 after acquiring an additional 4,000 shares during the period. Jane Street Group LLC grew its holdings in shares of Orion Office REIT by 23.9% during the third quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock valued at $472,000 after purchasing an additional 22,759 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new stake in shares of Orion Office REIT during the 3rd quarter worth approximately $339,000. Finally, Stifel Financial Corp lifted its holdings in shares of Orion Office REIT by 36.2% in the 3rd quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock worth $186,000 after purchasing an additional 12,326 shares during the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Trading Up 3.8 %

NYSE:ONL opened at $3.84 on Friday. The firm has a market capitalization of $214.84 million, a P/E ratio of -2.49 and a beta of 1.06. The business has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $3.89. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. Orion Office REIT Inc. has a 12-month low of $3.01 and a 12-month high of $5.65.

Orion Office REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Orion Office REIT’s dividend payout ratio (DPR) is -25.97%.

Orion Office REIT Company 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.