Barclays PLC Boosts Holdings in Orion Office REIT Inc. (NYSE:ONL)

Barclays PLC increased its stake in shares of Orion Office REIT Inc. (NYSE:ONL) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 84,451 shares of the company’s stock after buying an additional 10,721 shares during the quarter. Barclays PLC’s holdings in Orion Office REIT were worth $313,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ONL. Raymond James Financial Inc. bought a new stake in shares of Orion Office REIT in the fourth quarter valued at approximately $1,109,000. Martingale Asset Management L P raised its position in shares of Orion Office REIT by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 229,839 shares of the company’s stock valued at $853,000 after purchasing an additional 6,616 shares during the period. Wells Fargo & Company MN raised its position in shares of Orion Office REIT by 19.5% in the fourth quarter. Wells Fargo & Company MN now owns 61,620 shares of the company’s stock valued at $229,000 after purchasing an additional 10,041 shares during the period. Resona Asset Management Co. Ltd. bought a new stake in shares of Orion Office REIT in the fourth quarter valued at approximately $74,000. Finally, Pitcairn Co. bought a new stake in shares of Orion Office REIT in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Insider Activity at Orion Office REIT

In other news, Director Reginald Harold Gilyard acquired 40,000 shares of Orion Office REIT stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $2.35 per share, with a total value of $94,000.00. Following the completion of the purchase, the director now owns 109,647 shares in the company, valued at approximately $257,670.45. The trade was a 57.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul H. Mcdowell acquired 12,000 shares of Orion Office REIT stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $2.48 per share, with a total value of $29,760.00. Following the purchase, the insider now owns 293,895 shares of the company’s stock, valued at $728,859.60. This represents a 4.26% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 61,446 shares of company stock valued at $147,092. Corporate insiders own 0.16% of the company’s stock.

Orion Office REIT Stock Performance

NYSE ONL opened at $2.01 on Monday. The company’s 50 day moving average is $2.02 and its 200-day moving average is $3.28. Orion Office REIT Inc. has a 12-month low of $1.46 and a 12-month high of $4.39. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The firm has a market cap of $112.67 million, a P/E ratio of -1.30 and a beta of 1.34.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.19 earnings per share (EPS) for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The company had revenue of $38.00 million for the quarter.

Orion Office REIT Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Monday, March 31st. Orion Office REIT’s dividend payout ratio (DPR) is currently -5.19%.

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.