Comerica Bank decreased its stake in shares of Orion Office REIT Inc. (NYSE:ONL – Get Rating) by 10.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 45,963 shares of the company's stock after selling 5,427 shares during the period. Comerica Bank owned 0.08% of Orion Office REIT worth $413,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also modified their holdings of ONL. Russell Investments Group Ltd. bought a new stake in shares of Orion Office REIT during the 2nd quarter worth about $25,000. Covestor Ltd boosted 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 worth $36,000 after buying an additional 2,503 shares during the period. KBC Group NV boosted its holdings in shares of Orion Office REIT by 2,734.1% during the 2nd quarter. KBC Group NV now owns 4,988 shares of the company's stock worth $55,000 after buying an additional 4,812 shares during the period. Quantbot Technologies LP bought a new stake in shares of Orion Office REIT during the 2nd quarter worth about $56,000. Finally, Captrust Financial Advisors bought a new stake in shares of Orion Office REIT during the 2nd quarter worth about $57,000. Institutional investors own 84.26% of the company's stock.
Get Orion Office REIT alerts:Orion Office REIT Trading Up 1.2 %
Shares of NYSE ONL opened at $9.20 on Monday. 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 Inc. has a 52-week low of $8.20 and a 52-week high of $18.21. The firm has a 50 day moving average price of $8.91 and a two-hundred day moving average price of $9.50. The stock has a market cap of $521.00 million, a P/E ratio of -3.91 and a beta of 0.67.
Orion Office REIT Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, December 29th. Orion Office REIT's dividend payout ratio is currently -17.02%.Analyst Upgrades and Downgrades
ONL has been the subject of a number of recent research reports. JMP Securities initiated coverage on shares of Orion Office REIT in a report on Wednesday, October 19th. They issued a "market perform" rating for the company. EF Hutton Acquisition Co. I lowered their price objective on shares of Orion Office REIT from $15.00 to $13.00 and set a "buy" rating for the company in a research report on Monday, December 5th.
Orion Office REIT Company Profile
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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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