Nomura Asset Management Co. Ltd. Purchases 4,000 Shares of Orion Office REIT Inc. (NYSE:ONL)

Nomura Asset Management Co. Ltd. raised its stake in Orion Office REIT Inc. (NYSE:ONL) by 6.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,000 shares of the company’s stock after purchasing an additional 4,000 shares during the period. Nomura Asset Management Co. Ltd. owned 0.12% of Orion Office REIT worth $264,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its holdings 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 worth $62,000 after purchasing an additional 3,161 shares during the period. CWM LLC raised its holdings in Orion Office REIT by 284.7% in the 2nd quarter. CWM LLC now owns 17,032 shares of the company’s stock valued at $61,000 after acquiring an additional 12,605 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Orion Office REIT by 39.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 26,281 shares of the company’s stock valued at $97,000 after acquiring an additional 7,481 shares during the period. Dupree Financial Group LLC acquired a new stake in Orion Office REIT during the second quarter worth about $54,000. Finally, Bank of New York Mellon Corp increased its stake in Orion Office REIT by 25.1% in the second quarter. Bank of New York Mellon Corp now owns 296,389 shares of the company’s stock valued at $1,064,000 after acquiring an additional 59,480 shares during the last quarter. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Price Performance

Orion Office REIT stock opened at $3.99 on Monday. The stock has a market capitalization of $223.23 million, a P/E ratio of -2.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.75 and a current ratio of 0.75. Orion Office REIT Inc. has a 52 week low of $3.01 and a 52 week high of $6.22. The stock has a fifty day moving average of $3.98 and a 200-day moving average of $3.87.

Orion Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date of this dividend is Tuesday, December 31st. Orion Office REIT’s dividend payout ratio is -25.97%.

Orion Office REIT 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.