Stifel Financial Corp Acquires 12,326 Shares of Orion Office REIT Inc. (NYSE:ONL)

Stifel Financial Corp raised its holdings in Orion Office REIT Inc. (NYSE:ONL) by 36.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,416 shares of the company’s stock after acquiring an additional 12,326 shares during the period. Stifel Financial Corp’s holdings in Orion Office REIT were worth $186,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings 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 worth $1,064,000 after purchasing an additional 59,480 shares in the last quarter. Private Management Group Inc. increased its stake in shares of Orion Office REIT by 3.8% in the second quarter. Private Management Group Inc. now owns 5,122,014 shares of the company’s stock valued at $18,388,000 after buying an additional 189,201 shares during the period. Meeder Asset Management Inc. bought a new position in Orion Office REIT in the 2nd quarter valued at approximately $143,000. Renaissance Technologies LLC boosted its position in Orion Office REIT by 35.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock worth $7,137,000 after buying an additional 525,400 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Orion Office REIT during the 2nd quarter worth approximately $92,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Price Performance

ONL stock opened at $3.73 on Tuesday. The company has a market capitalization of $208.69 million, a P/E ratio of -2.42 and a beta of 1.06. The company has a fifty day moving average price of $3.96 and a 200-day moving average price of $3.89. 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 Inc. has a 52-week low of $3.01 and a 52-week high of $5.91.

Orion Office REIT Announces Dividend

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 issued a $0.10 dividend. 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 10.72%. Orion Office REIT’s payout ratio is -25.97%.

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.