Shares of Oritani Financial Corp. (NASDAQ:ORIT) hit a new 52-week low during trading on Thursday . The stock traded as low as $15.30 and last traded at $15.35, with a volume of 383,958 shares. The stock had previously closed at $15.75.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Oritani Financial Corp. from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and set a $17.00 target price on shares of Oritani Financial Corp. in a report on Thursday, August 3rd. Finally, BidaskClub raised shares of Oritani Financial Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th.

The company has a market capitalization of $640.13 million, a price-to-earnings ratio of 14.09 and a beta of 0.33. The company has a 50 day moving average of $16.23 and a 200 day moving average of $16.75.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 7th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 4.52%. Oritani Financial Corp.’s dividend payout ratio (DPR) is presently 63.64%.

In other Oritani Financial Corp. news, EVP Thomas Guinan sold 71,478 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $16.29, for a total transaction of $1,164,376.62. Following the completion of the transaction, the executive vice president now owns 135,204 shares in the company, valued at $2,202,473.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Doyle, Jr. sold 50,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $17.29, for a total transaction of $864,500.00. Following the transaction, the director now owns 290,000 shares of the company’s stock, valued at approximately $5,014,100. The disclosure for this sale can be found here. Insiders have sold 169,492 shares of company stock valued at $2,807,534 in the last 90 days. 15.27% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. Texas Permanent School Fund boosted its position in Oritani Financial Corp. by 0.6% during the first quarter. Texas Permanent School Fund now owns 27,893 shares of the bank’s stock worth $474,000 after purchasing an additional 174 shares during the period. Tudor Investment Corp ET AL boosted its position in Oritani Financial Corp. by 2.7% during the first quarter. Tudor Investment Corp ET AL now owns 14,102 shares of the bank’s stock worth $240,000 after purchasing an additional 373 shares during the period. Louisiana State Employees Retirement System boosted its position in Oritani Financial Corp. by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the bank’s stock worth $267,000 after purchasing an additional 400 shares during the period. BNP Paribas Arbitrage SA boosted its position in Oritani Financial Corp. by 5.3% during the first quarter. BNP Paribas Arbitrage SA now owns 8,063 shares of the bank’s stock worth $137,000 after purchasing an additional 405 shares during the period. Finally, Arizona State Retirement System boosted its position in Oritani Financial Corp. by 2.6% during the first quarter. Arizona State Retirement System now owns 20,102 shares of the bank’s stock worth $342,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 63.77% of the company’s stock.

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About Oritani Financial Corp.

Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.

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