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

Private Management Group Inc. grew its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,775,447 shares of the company’s stock after purchasing an additional 172,473 shares during the period. Private Management Group Inc. owned approximately 8.56% of Orion Office REIT worth $27,316,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in Orion Office REIT in the third quarter valued at about $90,000. Public Employees Retirement System of Ohio grew its position in shares of Orion Office REIT by 8.1% during the third quarter. Public Employees Retirement System of Ohio now owns 81,348 shares of the company’s stock worth $424,000 after buying an additional 6,072 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Orion Office REIT by 18.6% in the fourth quarter. SG Americas Securities LLC now owns 31,130 shares of the company’s stock worth $178,000 after buying an additional 4,872 shares during the last quarter. Barclays PLC raised its holdings in Orion Office REIT by 47.8% in the third quarter. Barclays PLC now owns 42,069 shares of the company’s stock valued at $219,000 after acquiring an additional 13,609 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Orion Office REIT during the 3rd quarter valued at $1,737,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Performance

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

Orion Office REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.23%. Orion Office REIT’s dividend payout ratio (DPR) is -39.22%.

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.