Asset Management One Co. Ltd. Has $478,000 Stock Position in Orion Office REIT Inc. (NYSE:ONL)

Asset Management One Co. Ltd. trimmed its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,522 shares of the company’s stock after selling 7,744 shares during the period. Asset Management One Co. Ltd. owned approximately 0.15% of Orion Office REIT worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of ONL. State of Wyoming acquired a new position in Orion Office REIT during the second quarter valued at $30,000. Covestor Ltd grew its stake in Orion Office REIT by 2,607.3% in the first quarter. Covestor Ltd now owns 2,599 shares of the company’s stock valued at $36,000 after purchasing an additional 2,503 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Orion Office REIT in the third quarter valued at about $53,000. Quantbot Technologies LP purchased a new position in Orion Office REIT in the third quarter valued at about $54,000. Finally, Spire Wealth Management grew its stake in Orion Office REIT by 82.5% in the third quarter. Spire Wealth Management now owns 10,295 shares of the company’s stock valued at $54,000 after purchasing an additional 4,655 shares in the last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Stock Performance

Shares of NYSE ONL opened at $3.16 on Friday. The business’s 50-day moving average price is $3.85 and its two-hundred day moving average price is $4.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.81 and a quick ratio of 0.81. Orion Office REIT Inc. has a one year low of $3.12 and a one year high of $7.07. The company has a market capitalization of $176.45 million, a P/E ratio of -3.10 and a beta of 0.86.

Orion Office REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 12.66%. Orion Office REIT’s dividend payout ratio (DPR) is currently -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.