Orion Office REIT Inc. (NYSE:ONL) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 42.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,608 shares of the company’s stock after buying an additional 8,176 shares during the quarter. Proficio Capital Partners LLC’s holdings in Orion Office REIT were worth $102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ONL. GSA Capital Partners LLP grew its position in Orion Office REIT by 144.8% during the third quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock valued at $915,000 after buying an additional 135,362 shares during the period. JPMorgan Chase & Co. grew its position in shares of Orion Office REIT by 69.4% in the third quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after purchasing an additional 106,383 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in shares of Orion Office REIT in the third quarter valued at about $339,000. Barclays PLC grew its position in shares of Orion Office REIT by 252.1% in the third quarter. Barclays PLC now owns 73,730 shares of the company’s stock valued at $295,000 after purchasing an additional 52,788 shares during the period. Finally, Penserra Capital Management LLC grew its position in shares of Orion Office REIT by 23.0% in the third 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 period. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Down 1.1 %

Shares of NYSE ONL opened at $2.31 on Friday. The company’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.93. Orion Office REIT Inc. has a 52-week low of $2.20 and a 52-week high of $4.39. The firm has a market cap of $129.33 million, a price-to-earnings ratio of -1.50 and a beta of 1.07. 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 earnings results on Wednesday, March 5th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $38.36 million for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%.

Orion Office REIT Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.47%. Orion Office REIT’s payout ratio is presently -4.35%.

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.