Los Angeles Capital Management LLC Sells 62,000 Shares of Orion Office REIT Inc. (NYSE:ONL)

Los Angeles Capital Management LLC reduced its position in Orion Office REIT Inc. (NYSE:ONL) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,165 shares of the company’s stock after selling 62,000 shares during the quarter. Los Angeles Capital Management LLC owned 0.60% of Orion Office REIT worth $1,251,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its stake in Orion Office REIT by 144.8% in the third quarter. GSA Capital Partners LLP now owns 228,839 shares of the company’s stock valued at $915,000 after purchasing an additional 135,362 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Orion Office REIT by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after buying an additional 106,383 shares in the last quarter. Virtus Investment Advisers Inc. purchased a new position in shares of Orion Office REIT in the 3rd quarter worth approximately $339,000. Barclays PLC raised its stake in shares of Orion Office REIT by 252.1% during the 3rd quarter. Barclays PLC now owns 73,730 shares of the company’s stock worth $295,000 after acquiring an additional 52,788 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in Orion Office REIT by 23.0% during the third quarter. Penserra Capital Management LLC now owns 277,151 shares of the company’s stock valued at $1,108,000 after acquiring an additional 51,770 shares during the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

Orion Office REIT Stock Up 1.1 %

Orion Office REIT stock opened at $4.11 on Friday. Orion Office REIT Inc. has a 1-year low of $3.01 and a 1-year high of $4.39. The business has a fifty day moving average price of $3.96 and a 200-day moving average price of $3.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $230.17 million, a price-to-earnings ratio of -2.67 and a beta of 1.09.

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.