Private Management Group Inc. Increases Stock Position in Orion Office REIT Inc. (NYSE:ONL)

Private Management Group Inc. grew its holdings in Orion Office REIT Inc. (NYSE:ONL) by 0.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,133,842 shares of the company’s stock after buying an additional 11,828 shares during the quarter. Private Management Group Inc. owned about 9.18% of Orion Office REIT worth $20,535,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. HB Wealth Management LLC purchased a new stake in shares of Orion Office REIT during the 1st quarter worth $56,000. Bleakley Financial Group LLC acquired a new stake in shares of Orion Office REIT in the first quarter valued at about $69,000. Quadrature Capital Ltd acquired a new position in Orion Office REIT during the first quarter worth about $118,000. Price T Rowe Associates Inc. MD increased its holdings in Orion Office REIT by 21.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,574 shares of the company’s stock valued at $62,000 after buying an additional 3,161 shares in the last quarter. Finally, CWM LLC increased its holdings in Orion Office REIT by 284.7% in the second quarter. CWM LLC now owns 17,032 shares of the company’s stock valued at $61,000 after buying an additional 12,605 shares in the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Price Performance

Shares of NYSE:ONL traded down $0.01 during trading on Friday, hitting $3.72. 251,661 shares of the stock were exchanged, compared to its average volume of 401,617. Orion Office REIT Inc. has a 12-month low of $3.01 and a 12-month high of $6.22. The company has a market cap of $208.13 million, a PE ratio of -2.25 and a beta of 0.99. The company has a fifty day moving average price of $4.00 and a two-hundred day moving average price of $3.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.56.

Orion Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.10 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a yield of 10.75%. Orion Office REIT’s payout ratio is -24.24%.

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.