Samalin Investment Counsel LLC Has $627,000 Stock Position in Orion Office REIT Inc. $ONL

Samalin Investment Counsel LLC boosted its holdings in shares of Orion Office REIT Inc. (NYSE:ONL) by 122.0% in the 2nd quarter, Holdings Channel reports. The firm owned 294,306 shares of the company’s stock after buying an additional 161,751 shares during the period. Samalin Investment Counsel LLC’s holdings in Orion Office REIT were worth $627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ONL. Kawa Capital Management Inc acquired a new position in shares of Orion Office REIT during the 1st quarter worth $5,180,000. Private Management Group Inc. boosted its stake in Orion Office REIT by 22.0% in the first quarter. Private Management Group Inc. now owns 5,200,121 shares of the company’s stock valued at $11,128,000 after buying an additional 939,129 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Orion Office REIT in the first quarter valued at about $1,304,000. Nuveen LLC acquired a new position in Orion Office REIT during the first quarter worth about $357,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Orion Office REIT in the second quarter worth about $296,000. Institutional investors own 79.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Office REIT in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Orion Office REIT presently has an average rating of “Reduce”.

Orion Office REIT Trading Up 5.7%

Shares of ONL stock opened at $2.59 on Monday. The firm has a market capitalization of $145.80 million, a P/E ratio of -1.06 and a beta of 1.40. Orion Office REIT Inc. has a twelve month low of $1.46 and a twelve month high of $4.30. The company has a quick ratio of 0.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $2.69 and its 200 day simple moving average is $2.41.

Orion Office REIT (NYSE:ONL) last posted its earnings results on Thursday, November 6th. The company reported ($1.23) EPS for the quarter. Orion Office REIT had a negative net margin of 90.36% and a negative return on equity of 18.73%. The firm had revenue of $37.12 million during the quarter. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Orion Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.02 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.08 annualized dividend and a yield of 3.1%. Orion Office REIT’s dividend payout ratio (DPR) is currently -3.28%.

Insiders Place Their Bets

In other Orion Office REIT news, Director Reginald Harold Gilyard bought 55,000 shares of Orion Office REIT stock in a transaction on Wednesday, August 27th. The shares were purchased at an average cost of $2.91 per share, with a total value of $160,050.00. Following the acquisition, the director directly owned 227,778 shares of the company’s stock, valued at $662,833.98. The trade was a 31.83% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

Orion Office REIT Company 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.