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

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

Orion Office REIT Stock Performance

Shares of ONL stock traded up $0.08 during trading hours on Friday, reaching $2.53. 407,818 shares of the company’s stock were exchanged, compared to its average volume of 508,226. Orion Office REIT has a 1 year low of $1.46 and a 1 year high of $4.30. The company has a market cap of $142.20 million, a P/E ratio of -1.82 and a beta of 1.40. The company’s 50 day moving average is $2.70 and its two-hundred day moving average is $2.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.75 and a quick ratio of 0.75.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share (EPS) 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 Orion Office REIT news, Director Reginald Harold Gilyard purchased 55,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were purchased 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 in the company, valued at $662,833.98. This represents a 31.83% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Orion Office REIT

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. grew its position in shares of Orion Office REIT by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 305,109 shares of the company’s stock worth $650,000 after buying an additional 5,242 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Orion Office REIT by 72.1% in the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock worth $29,000 after buying an additional 5,741 shares in the last quarter. CWM LLC increased its stake in Orion Office REIT by 42.8% in the second quarter. CWM LLC now owns 24,792 shares of the company’s stock valued at $53,000 after acquiring an additional 7,428 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Orion Office REIT by 65.3% during the 1st 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, Tower Research Capital LLC TRC lifted its stake in Orion Office REIT by 63.1% in the second quarter. Tower Research Capital LLC TRC now owns 30,617 shares of the company’s stock worth $65,000 after acquiring an additional 11,840 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

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.