Greenland Capital Management LP Purchases New Shares in Orion Office REIT Inc. $ONL

Greenland Capital Management LP acquired a new stake in Orion Office REIT Inc. (NYSE:ONL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 128,889 shares of the company’s stock, valued at approximately $275,000. Greenland Capital Management LP owned approximately 0.23% of Orion Office REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC increased its stake in shares of Orion Office REIT by 65.3% in the 1st quarter. Private Advisor Group LLC now owns 19,135 shares of the company’s stock valued at $41,000 after purchasing an additional 7,557 shares in the last quarter. Private Management Group Inc. grew its holdings 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 purchasing an additional 939,129 shares during the period. GSA Capital Partners LLP increased its position in shares of Orion Office REIT by 45.7% in the first quarter. GSA Capital Partners LLP now owns 288,384 shares of the company’s stock valued at $617,000 after buying an additional 90,405 shares in the last quarter. Nuveen LLC acquired a new position in shares of Orion Office REIT during the 1st quarter worth approximately $357,000. Finally, Virtus Advisers LLC purchased a new position in shares of Orion Office REIT during the 1st quarter valued at approximately $189,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Orion Office REIT Stock Performance

Shares of NYSE:ONL opened at $2.37 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.37 and a quick ratio of 2.37. Orion Office REIT Inc. has a 1 year low of $1.46 and a 1 year high of $4.30. The firm has a market capitalization of $133.17 million, a PE ratio of -0.97 and a beta of 1.40. The business’s 50 day moving average price is $2.60 and its 200-day moving average price is $2.44.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.23) earnings per share 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Orion Office REIT’s dividend payout ratio is currently -3.28%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Orion Office REIT 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.