Penserra Capital Management LLC Purchases 51,770 Shares of Orion Office REIT Inc. (NYSE:ONL)

Penserra Capital Management LLC lifted its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,151 shares of the company’s stock after acquiring an additional 51,770 shares during the period. Penserra Capital Management LLC’s holdings in Orion Office REIT were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Virginia Wealth Management Group Inc. bought a new stake in shares of Orion Office REIT in the 2nd quarter worth $36,000. Intech Investment Management LLC purchased a new stake in shares of Orion Office REIT during the third quarter valued at $47,000. Delap Wealth Advisory LLC purchased a new stake in shares of Orion Office REIT during the second quarter valued at $44,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Orion Office REIT by 41.1% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 13,476 shares of the company’s stock worth $48,000 after buying an additional 3,928 shares in the last quarter. Finally, Dupree Financial Group LLC purchased a new position in Orion Office REIT in the 2nd quarter worth about $54,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Price Performance

ONL opened at $4.19 on Wednesday. The company’s 50-day simple moving average is $3.96 and its two-hundred day simple moving average is $3.82. Orion Office REIT Inc. has a 52-week low of $3.01 and a 52-week high of $6.22. The stock has a market capitalization of $234.43 million, a P/E ratio of -2.70 and a beta of 0.99. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 dividend on an annualized basis and a yield of 9.55%. Orion Office REIT’s dividend payout ratio (DPR) is -25.97%.

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.