ValuEngine cut shares of Oritani Financial (NASDAQ:ORIT) from a buy rating to a hold rating in a report released on Wednesday.

Separately, BidaskClub cut Oritani Financial from a hold rating to a sell rating in a research note on Tuesday, December 12th.

Oritani Financial (ORIT) opened at $15.80 on Wednesday. The stock has a market capitalization of $731.87, a price-to-earnings ratio of 11.53 and a beta of 0.42. Oritani Financial has a one year low of $15.30 and a one year high of $17.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.23 and a current ratio of 1.23.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a dividend of $0.25 per share. This is a boost from Oritani Financial’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 8th. This represents a $1.00 dividend on an annualized basis and a yield of 6.33%. Oritani Financial’s payout ratio is presently 104.17%.

In other Oritani Financial news, SVP Philip Wyks sold 10,000 shares of Oritani Financial stock in a transaction on Friday, February 16th. The stock was sold at an average price of $15.95, for a total transaction of $159,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 12.12% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. Gradient Investments LLC purchased a new position in Oritani Financial during the fourth quarter valued at $150,000. Stone Ridge Asset Management LLC purchased a new position in Oritani Financial during the fourth quarter valued at $174,000. Hotchkis & Wiley Capital Management LLC purchased a new position in Oritani Financial during the third quarter valued at $185,000. Teacher Retirement System of Texas purchased a new position in Oritani Financial during the fourth quarter valued at $218,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in Oritani Financial by 58.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 14,460 shares of the bank’s stock valued at $243,000 after buying an additional 5,360 shares during the last quarter. Institutional investors and hedge funds own 62.57% of the company’s stock.

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About Oritani Financial

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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