State Street Corp Sells 312,861 Shares of Orion Office REIT Inc. (NYSE:ONL)

State Street Corp lessened its position in Orion Office REIT Inc. (NYSE:ONL) by 19.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,282,850 shares of the company’s stock after selling 312,861 shares during the period. State Street Corp’s holdings in Orion Office REIT were worth $5,258,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of ONL. Private Management Group Inc. grew its position in Orion Office REIT by 3.8% in the 2nd quarter. Private Management Group Inc. now owns 5,122,014 shares of the company’s stock valued at $18,388,000 after purchasing an additional 189,201 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Orion Office REIT by 35.9% during the second quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock valued at $7,137,000 after buying an additional 525,400 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Orion Office REIT by 56.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock worth $5,944,000 after acquiring an additional 618,291 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Orion Office REIT by 25.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 296,389 shares of the company’s stock valued at $1,064,000 after acquiring an additional 59,480 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Orion Office REIT by 23.0% during the 3rd quarter. Penserra Capital Management LLC now owns 277,151 shares of the company’s stock valued at $1,108,000 after purchasing an additional 51,770 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

Shares of Orion Office REIT stock opened at $3.75 on Monday. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $5.91. 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 business has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.88. The company has a market cap of $209.81 million, a PE ratio of -2.44 and a beta of 1.06.

Orion Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date is Tuesday, December 31st. Orion Office REIT’s payout ratio is currently -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.