Jacobs Levy Equity Management Inc. Reduces Position in Orion Office REIT Inc. (NYSE:ONL)

Jacobs Levy Equity Management Inc. trimmed its holdings in Orion Office REIT Inc. (NYSE:ONL) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 285,884 shares of the company’s stock after selling 12,900 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Orion Office REIT were worth $1,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP grew its holdings in shares of Orion Office REIT by 144.8% in the third quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock worth $915,000 after purchasing an additional 135,362 shares during the last quarter. Private Management Group Inc. grew its stake in Orion Office REIT by 3.8% in the 2nd quarter. Private Management Group Inc. now owns 5,122,014 shares of the company’s stock worth $18,388,000 after acquiring an additional 189,201 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Orion Office REIT by 56.0% during the second quarter. AQR Capital Management LLC now owns 1,722,969 shares of the company’s stock worth $5,944,000 after acquiring an additional 618,291 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Orion Office REIT by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,574 shares of the company’s stock valued at $62,000 after acquiring an additional 3,161 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Orion Office REIT by 35.9% in the second quarter. Renaissance Technologies LLC now owns 1,988,000 shares of the company’s stock valued at $7,137,000 after purchasing an additional 525,400 shares during the period. 79.95% of the stock is owned by institutional investors.

Orion Office REIT Trading Up 1.0 %

ONL opened at $4.05 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average is $3.95 and its two-hundred day moving average is $3.85. The company has a market capitalization of $226.60 million, a P/E ratio of -2.63 and a beta of 1.06. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $6.22.

Orion Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.88%. The ex-dividend date of this dividend is Tuesday, December 31st. Orion Office REIT’s payout ratio is -25.97%.

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.