Dimensional Fund Advisors LP Cuts Holdings in Orion Office REIT Inc. (NYSE:ONL)

Dimensional Fund Advisors LP lowered its position in Orion Office REIT Inc. (NYSE:ONL) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 697,878 shares of the company’s stock after selling 14,516 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Orion Office REIT were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ONL. Allworth Financial LP raised its holdings in shares of Orion Office REIT by 1,215.5% in the 4th quarter. Allworth Financial LP now owns 7,564 shares of the company’s stock worth $30,000 after purchasing an additional 6,989 shares during the period. Abel Hall LLC acquired a new stake in Orion Office REIT during the 4th quarter worth approximately $38,000. Evoke Wealth LLC purchased a new position in Orion Office REIT in the fourth quarter valued at approximately $43,000. Pitcairn Co. purchased a new position in Orion Office REIT in the fourth quarter valued at approximately $50,000. Finally, First Trust Advisors LP purchased a new position in Orion Office REIT in the fourth quarter valued at approximately $52,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Orion Office REIT Price Performance

ONL opened at $1.98 on Thursday. Orion Office REIT Inc. has a 52-week low of $1.46 and a 52-week high of $4.39. The company has a 50 day moving average of $1.97 and a two-hundred day moving average of $3.26. The company has a market cap of $111.26 million, a P/E ratio of -1.29 and a beta of 1.34. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60.

Orion Office REIT (NYSE:ONL) last announced 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 return on equity of 10.28% and a negative net margin of 50.76%. The firm had revenue of $38.00 million during the quarter.

Orion Office REIT Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.02 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 4.04%. Orion Office REIT’s dividend payout ratio (DPR) is currently -5.19%.

Insider Activity at Orion Office REIT

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

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.