GAMMA Investing LLC Buys New Shares in Orion Office REIT Inc. (NYSE:ONL)

GAMMA Investing LLC purchased a new position in shares of Orion Office REIT Inc. (NYSE:ONL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,207 shares of the company’s stock, valued at approximately $36,000.

A number of other large investors also recently bought and sold shares of the stock. Spire Wealth Management increased its holdings in shares of Orion Office REIT by 82.5% during the 3rd quarter. Spire Wealth Management now owns 10,295 shares of the company’s stock worth $54,000 after buying an additional 4,655 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Orion Office REIT during the 3rd quarter valued at $54,000. Pinnacle Wealth Planning Services Inc. acquired a new stake in Orion Office REIT during the 3rd quarter valued at $56,000. Oak Thistle LLC purchased a new stake in Orion Office REIT during the 4th quarter worth $68,000. Finally, Versor Investments LP acquired a new position in Orion Office REIT in the 3rd quarter worth $82,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Orion Office REIT Stock Up 1.5 %

Shares of Orion Office REIT stock opened at $3.45 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. Orion Office REIT Inc. has a 1-year low of $3.01 and a 1-year high of $7.07. The business has a 50-day moving average of $3.39 and a 200-day moving average of $4.58.

Orion Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued 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 yield of 11.59%. Orion Office REIT’s dividend payout ratio is presently -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.