State of Alaska Department of Revenue Takes Position in Orion Office REIT Inc. (NYSE:ONL)

State of Alaska Department of Revenue bought a new stake in shares of Orion Office REIT Inc. (NYSE:ONLGet Rating) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 295,670 shares of the company’s stock, valued at approximately $3,239,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Treasurer of the State of North Carolina lifted its position in shares of Orion Office REIT by 4.2% during the 1st quarter. Treasurer of the State of North Carolina now owns 20,824 shares of the company’s stock valued at $292,000 after buying an additional 843 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Orion Office REIT by 2.3% in the 1st quarter. Texas Permanent School Fund now owns 40,145 shares of the company’s stock valued at $562,000 after purchasing an additional 918 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in Orion Office REIT by 3.7% in the 1st quarter. Maryland State Retirement & Pension System now owns 26,856 shares of the company’s stock valued at $376,000 after purchasing an additional 969 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Orion Office REIT by 2.2% in the 1st quarter. Prudential Financial Inc. now owns 57,363 shares of the company’s stock valued at $803,000 after purchasing an additional 1,262 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Orion Office REIT by 5.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 27,500 shares of the company’s stock valued at $385,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

Orion Office REIT Stock Performance

Shares of ONL stock opened at $9.29 on Friday. The stock’s fifty day moving average is $10.37 and its two-hundred day moving average is $12.34. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.53 and a current ratio of 1.53. Orion Office REIT Inc. has a fifty-two week low of $9.15 and a fifty-two week high of $32.25.

Orion Office REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.40 dividend on an annualized basis and a yield of 4.31%.

About Orion Office REIT

(Get Rating)

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.

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Institutional Ownership by Quarter for Orion Office REIT (NYSE:ONL)

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