Orion Office REIT Inc. to Issue Quarterly Dividend of $0.02 (NYSE:ONL)

Orion Office REIT Inc. (NYSE:ONL) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.02 per share on Thursday, January 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Orion Office REIT Price Performance

ONL traded up $0.09 on Friday, hitting $2.54. 461,846 shares of the company’s stock traded hands, compared to its average volume of 508,578. Orion Office REIT has a one year low of $1.46 and a one year high of $4.30. The company’s 50 day simple moving average is $2.70 and its 200-day simple moving average is $2.39. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.66. The firm has a market cap of $142.76 million, a price-to-earnings ratio of -1.83 and a beta of 1.40.

Orion Office REIT (NYSE:ONL) last posted its earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share for the quarter. The business had revenue of $37.12 million during the quarter. Orion Office REIT had a negative return on equity of 10.15% and a negative net margin of 50.67%. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Insider Activity at Orion Office REIT

In other news, Director Reginald Harold Gilyard bought 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price of $2.91 per share, with a total value of $160,050.00. Following the completion of the transaction, the director directly owned 227,778 shares of the company’s stock, valued at approximately $662,833.98. The trade was a 31.83% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Orion Office REIT

A number of institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC purchased a new stake in Orion Office REIT in the second quarter valued at $26,000. PNC Financial Services Group Inc. grew its holdings in Orion Office REIT by 72.1% during the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock worth $29,000 after acquiring an additional 5,741 shares during the period. Hudson Bay Capital Management LP purchased a new position in Orion Office REIT during the second quarter valued at approximately $30,000. Private Advisor Group LLC lifted its holdings in Orion Office REIT by 65.3% in the first quarter. Private Advisor Group LLC now owns 19,135 shares of the company’s stock valued at $41,000 after acquiring an additional 7,557 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Orion Office REIT in the 2nd quarter worth approximately $48,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

About Orion Office REIT

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.