Public Employees Retirement System of Ohio Boosts Stake in Orion Office REIT Inc. (NYSE:ONL)

Public Employees Retirement System of Ohio lifted its stake in Orion Office REIT Inc. (NYSE:ONL) by 8.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,348 shares of the company’s stock after purchasing an additional 6,072 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Orion Office REIT worth $424,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Prudential Financial Inc. increased its stake in shares of Orion Office REIT by 2.2% in the 1st quarter. Prudential Financial Inc. now owns 57,363 shares of the company’s stock worth $803,000 after purchasing an additional 1,262 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in Orion Office REIT by 3.8% in the 4th quarter. State of Tennessee Treasury Department now owns 41,927 shares of the company’s stock worth $359,000 after buying an additional 1,521 shares during the period. Wells Fargo & Company MN boosted its holdings in Orion Office REIT by 2.3% in the 4th quarter. Wells Fargo & Company MN now owns 70,192 shares of the company’s stock worth $599,000 after buying an additional 1,586 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Orion Office REIT by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,289 shares of the company’s stock worth $167,000 after buying an additional 2,145 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Orion Office REIT by 19.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,255 shares of the company’s stock worth $145,000 after buying an additional 2,179 shares during the period. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Trading Up 5.7 %

Shares of Orion Office REIT stock opened at $3.44 on Thursday. The company has a market capitalization of $191.81 million, a P/E ratio of -3.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.81 and a current ratio of 0.81. The company has a fifty day moving average of $4.30 and a 200 day moving average of $4.94. Orion Office REIT Inc. has a fifty-two week low of $3.17 and a fifty-two week high of $7.07.

Orion Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 11.64%. The ex-dividend date is Wednesday, March 27th. 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.