Orion Office REIT Inc. (NYSE:ONL – Get Rating) declared a quarterly dividend on Tuesday, November 1st, Zacks reports. Stockholders of record on Friday, December 30th will be given a dividend of 0.10 per share on Tuesday, January 17th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Thursday, December 29th.
Orion Office REIT Trading Down 1.1 %
Shares of Orion Office REIT stock traded down $0.10 during trading hours on Tuesday, reaching $8.66. The stock had a trading volume of 1,599 shares, compared to its average volume of 559,394. The firm has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $9.93. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.99 and a current ratio of 0.99. Orion Office REIT has a 1 year low of $8.41 and a 1 year high of $19.18.
Get Orion Office REIT alerts:Institutional Investors Weigh In On Orion Office REIT
Several hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. raised its holdings in shares of Orion Office REIT by 2.2% during the 1st quarter. Prudential Financial Inc. now owns 57,363 shares of the company's stock valued at $803,000 after buying an additional 1,262 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Orion Office REIT by 19.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,255 shares of the company's stock valued at $145,000 after buying an additional 2,179 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Orion Office REIT by 7.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 34,144 shares of the company's stock valued at $478,000 after buying an additional 2,234 shares during the period. Covestor Ltd raised its holdings in shares of Orion Office REIT by 2,607.3% during the 1st quarter. Covestor Ltd now owns 2,599 shares of the company's stock valued at $36,000 after buying an additional 2,503 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Orion Office REIT by 0.7% during the 1st quarter. Northern Trust Corp now owns 386,839 shares of the company's stock valued at $5,417,000 after buying an additional 2,617 shares during the period. 84.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on ONL shares. JMP Securities started coverage on Orion Office REIT in a report on Wednesday, October 19th. They issued a "market perform" rating on the stock. EF Hutton Acquisition Co. I cut their price objective on Orion Office REIT from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Monday, December 5th.Orion Office REIT Company Profile
(Get Rating)
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.
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