Los Angeles Capital Management LLC Acquires 49,091 Shares of Orion Office REIT Inc. (NYSE:ONL)

Los Angeles Capital Management LLC boosted its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 382,456 shares of the company’s stock after purchasing an additional 49,091 shares during the period. Los Angeles Capital Management LLC owned about 0.69% of Orion Office REIT worth $2,188,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Orion Office REIT during the third quarter valued at approximately $137,000. Private Management Group Inc. boosted its stake in shares of Orion Office REIT by 53.1% during the 3rd quarter. Private Management Group Inc. now owns 4,602,974 shares of the company’s stock valued at $23,981,000 after purchasing an additional 1,595,731 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in Orion Office REIT in the third quarter worth about $95,000. Versor Investments LP purchased a new stake in Orion Office REIT in the third quarter worth about $82,000. Finally, Jump Financial LLC bought a new stake in Orion Office REIT during the 3rd quarter valued at approximately $558,000. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Trading Up 1.3 %

Shares of NYSE:ONL opened at $3.50 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50 day moving average price of $3.37 and a 200-day moving average price of $4.57. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $7.07.

Orion Office REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date of this dividend was Wednesday, March 27th. Orion Office REIT’s dividend payout ratio (DPR) is presently -39.22%.

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.