Orion Office REIT (NYSE:ONL) Announces Earnings Results

Orion Office REIT (NYSE:ONL) issued its quarterly earnings results on Thursday. The company reported ($1.23) EPS for the quarter, FiscalAI reports. Orion Office REIT had a negative return on equity of 10.15% and a negative net margin of 50.67%.The business had revenue of $37.12 million during the quarter. Orion Office REIT updated its FY 2025 guidance to 0.740-0.760 EPS.

Orion Office REIT Stock Up 1.4%

Shares of NYSE:ONL traded up $0.04 during midday trading on Friday, hitting $2.49. 362,097 shares of the stock were exchanged, compared to its average volume of 507,872. The company has a market capitalization of $139.94 million, a PE ratio of -1.79 and a beta of 1.40. Orion Office REIT has a 52-week low of $1.46 and a 52-week high of $4.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.75 and a current ratio of 0.75. The business’s fifty day simple moving average is $2.70 and its two-hundred day simple moving average is $2.39.

Orion Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, December 31st. Orion Office REIT’s payout ratio is currently -5.76%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Orion Office REIT

In related news, Director Reginald Harold Gilyard acquired 55,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of $2.91 per share, with a total value of $160,050.00. Following the acquisition, the director owned 227,778 shares in the company, valued at approximately $662,833.98. The trade was a 31.83% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.16% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ONL. Nuveen LLC bought a new stake in Orion Office REIT in the first quarter valued at about $357,000. Kawa Capital Management Inc bought a new stake in shares of Orion Office REIT in the 1st quarter valued at $5,180,000. Private Management Group Inc. raised its stake in Orion Office REIT by 22.0% during the 1st quarter. Private Management Group Inc. now owns 5,200,121 shares of the company’s stock worth $11,128,000 after buying an additional 939,129 shares during the period. Segall Bryant & Hamill LLC bought a new position in Orion Office REIT during the first quarter worth about $1,304,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Orion Office REIT by 7.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 314,679 shares of the company’s stock worth $673,000 after acquiring an additional 21,190 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

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.