Bank of New York Mellon Corp Boosts Holdings in Orion Office REIT Inc. (NYSE:ONL)

Bank of New York Mellon Corp increased its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 9.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258,921 shares of the company’s stock after buying an additional 21,448 shares during the period. Bank of New York Mellon Corp’s holdings in Orion Office REIT were worth $961,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ONL. JPMorgan Chase & Co. raised its position in Orion Office REIT by 69.4% in the 3rd 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 in the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Orion Office REIT during the third quarter worth approximately $339,000. Barclays PLC raised its holdings in 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 acquiring an additional 52,788 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Orion Office REIT by 23.0% in the third quarter. Penserra Capital Management LLC now owns 277,151 shares of the company’s stock worth $1,108,000 after acquiring an additional 51,770 shares during the last quarter. Finally, Martingale Asset Management L P grew its holdings in Orion Office REIT by 19.5% during the 3rd quarter. Martingale Asset Management L P now owns 223,223 shares of the company’s stock worth $893,000 after acquiring an additional 36,397 shares in the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Stock Down 4.4 %

Orion Office REIT stock opened at $2.15 on Wednesday. The stock has a market cap of $120.63 million, a PE ratio of -1.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s fifty day moving average is $3.57 and its two-hundred day moving average is $3.82. Orion Office REIT Inc. has a 1-year low of $2.12 and a 1-year high of $4.39.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.18 earnings per share for the quarter. Orion Office REIT had a negative net margin of 50.76% and a negative return on equity of 10.28%. The business had revenue of $38.36 million during the quarter.

Orion Office REIT Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.02 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.08 annualized dividend and a yield of 3.72%. Orion Office REIT’s dividend payout ratio is presently -4.35%.

Insiders Place Their Bets

In other Orion Office REIT news, insider Paul H. Mcdowell acquired 12,000 shares of the stock in a transaction on Monday, March 17th. The shares were bought at an average cost of $2.48 per share, with a total value of $29,760.00. Following the transaction, the insider now owns 293,895 shares of the company’s stock, valued at approximately $728,859.60. This trade represents a 4.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Reginald Harold Gilyard bought 40,000 shares of Orion Office REIT stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $2.35 per share, with a total value of $94,000.00. Following the completion of the acquisition, the director now directly owns 109,647 shares of the company’s stock, valued at approximately $257,670.45. The trade was a 57.43 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 61,446 shares of company stock valued at $147,092. 0.16% of the stock is currently owned by insiders.

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.