Van ECK Associates Corp Sells 9,028 Shares of Orion Office REIT Inc. (NYSE:ONL)

Van ECK Associates Corp reduced its holdings in shares of Orion Office REIT Inc. (NYSE:ONLGet Rating) by 35.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,239 shares of the company’s stock after selling 9,028 shares during the period. Van ECK Associates Corp’s holdings in Orion Office REIT were worth $142,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Orion Office REIT during the 2nd quarter worth approximately $25,000. Spirit of America Management Corp NY bought a new position in shares of Orion Office REIT during the 2nd quarter worth approximately $31,000. Covestor Ltd grew its stake in shares of Orion Office REIT by 2,607.3% during the 1st quarter. Covestor Ltd now owns 2,599 shares of the company’s stock worth $36,000 after acquiring an additional 2,503 shares in the last quarter. KBC Group NV grew its stake in shares of Orion Office REIT by 2,734.1% during the 2nd quarter. KBC Group NV now owns 4,988 shares of the company’s stock worth $55,000 after acquiring an additional 4,812 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Orion Office REIT during the 2nd quarter worth approximately $56,000. 84.26% of the stock is owned by institutional investors.

Orion Office REIT Trading Down 1.2 %

ONL stock opened at $8.84 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average price of $8.96 and a two-hundred day moving average price of $9.58. Orion Office REIT Inc. has a one year low of $8.20 and a one year high of $18.21. The stock has a market cap of $500.65 million, a price-to-earnings ratio of -3.76 and a beta of 0.67.

Orion Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.40 dividend on an annualized basis and a yield of 4.52%. Orion Office REIT’s dividend payout ratio (DPR) is -17.02%.

Analysts Set New Price Targets

Several research firms recently weighed in on ONL. EF Hutton Acquisition Co. I decreased their target price on shares of Orion Office REIT from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, December 5th. JMP Securities began coverage on shares of Orion Office REIT in a research note on Wednesday, October 19th. They issued a “market perform” rating for the company.

Orion Office REIT Company Profile

(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.

See Also

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

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