NewEdge Wealth LLC Sells 8,160 Shares of Orion Office REIT Inc. (NYSE:ONL)

NewEdge Wealth LLC trimmed its position in shares of Orion Office REIT Inc. (NYSE:ONL) by 41.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,435 shares of the company’s stock after selling 8,160 shares during the period. NewEdge Wealth LLC’s holdings in Orion Office REIT were worth $65,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Prudential Financial Inc. boosted its holdings in Orion Office REIT by 2.2% during the first quarter. Prudential Financial Inc. now owns 57,363 shares of the company’s stock valued at $803,000 after acquiring an additional 1,262 shares during the period. State of Tennessee Treasury Department boosted its holdings in Orion Office REIT by 3.8% during the fourth quarter. State of Tennessee Treasury Department now owns 41,927 shares of the company’s stock valued at $359,000 after acquiring an additional 1,521 shares during the period. Wells Fargo & Company MN boosted its holdings in Orion Office REIT by 2.3% during the fourth quarter. Wells Fargo & Company MN now owns 70,192 shares of the company’s stock valued at $599,000 after acquiring an additional 1,586 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Orion Office REIT by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 25,289 shares of the company’s stock valued at $167,000 after acquiring an additional 2,145 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Orion Office REIT by 19.7% in the second quarter. Price T Rowe Associates Inc. MD now owns 13,255 shares of the company’s stock valued at $145,000 after buying an additional 2,179 shares during the period. 79.95% of the stock is currently owned by institutional investors.

Orion Office REIT Stock Down 0.6 %

NYSE ONL opened at $3.06 on Friday. 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 firm has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $4.71. Orion Office REIT Inc. has a twelve month low of $3.01 and a twelve month high of $7.07. The stock has a market cap of $170.87 million, a PE ratio of -3.00 and a beta of 0.86.

Orion Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders 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 dividend yield of 13.07%. Orion Office REIT’s dividend payout ratio (DPR) 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.