Private Management Group Inc. Buys 172,473 Shares of Orion Office REIT Inc. (NYSE:ONL)

Private Management Group Inc. boosted its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,775,447 shares of the company’s stock after acquiring an additional 172,473 shares during the period. Private Management Group Inc. owned approximately 0.09% of Orion Office REIT worth $27,316,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ONL. GAMMA Investing LLC acquired a new stake in Orion Office REIT during the fourth quarter worth $36,000. Oak Thistle LLC acquired a new stake in shares of Orion Office REIT during the 4th quarter valued at about $68,000. SG Americas Securities LLC increased its stake in Orion Office REIT by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 31,130 shares of the company’s stock valued at $178,000 after acquiring an additional 4,872 shares during the period. Public Employees Retirement System of Ohio raised its position in Orion Office REIT by 8.1% in the third quarter. Public Employees Retirement System of Ohio now owns 81,348 shares of the company’s stock worth $424,000 after purchasing an additional 6,072 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in Orion Office REIT in the third quarter worth about $118,000. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

Shares of ONL stock remained flat at $3.27 during trading hours on Tuesday. The stock had a trading volume of 391,478 shares, compared to its average volume of 453,050. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $7.07. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50 day moving average is $3.64 and its two-hundred day moving average is $4.69. The company has a market cap of $182.60 million, a price-to-earnings ratio of -3.21 and a beta of 0.86.

Orion Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.40 annualized dividend and a yield of 12.23%. Orion Office REIT’s dividend payout ratio is currently -39.22%.

Orion Office REIT Company 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.