Orion Office REIT Inc. (NYSE:ONL) Short Interest Update

Orion Office REIT Inc. (NYSE:ONL) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 754,657 shares, an increase of 28.1% from the December 15th total of 589,110 shares. Based on an average daily trading volume, of 319,108 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.4% of the shares of the company are short sold. Currently, 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 319,108 shares, the days-to-cover ratio is currently 2.4 days.

Orion Office REIT Stock Performance

Shares of ONL stock traded up $0.05 during trading hours on Monday, reaching $2.18. 255,531 shares of the company’s stock were exchanged, compared to its average volume of 205,507. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.37 and a quick ratio of 2.37. The company’s 50 day moving average is $2.20 and its two-hundred day moving average is $2.49. The company has a market cap of $122.47 million, a P/E ratio of -0.89 and a beta of 1.40. Orion Office REIT has a 1 year low of $1.46 and a 1 year high of $4.25.

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 return on equity of 18.73% and a negative net margin of 90.36%.The business had revenue of $37.12 million for the quarter. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Orion Office REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.02 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.08 annualized dividend and a dividend yield of 3.7%. Orion Office REIT’s dividend payout ratio (DPR) is -3.28%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ONL. Cambria Investment Management L.P. lifted its position in shares of Orion Office REIT by 15.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 318,364 shares of the company’s stock valued at $860,000 after acquiring an additional 43,020 shares during the period. Susquehanna International Group LLP increased its stake in Orion Office REIT by 197.6% in the 3rd quarter. Susquehanna International Group LLP now owns 419,053 shares of the company’s stock valued at $1,131,000 after purchasing an additional 278,244 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Orion Office REIT by 223.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 93,509 shares of the company’s stock valued at $252,000 after purchasing an additional 64,582 shares in the last quarter. PenderFund Capital Management Ltd. acquired a new position in Orion Office REIT during the third quarter worth $100,000. Finally, Bank of America Corp DE boosted its position in Orion Office REIT by 48.3% during the third quarter. Bank of America Corp DE now owns 95,124 shares of the company’s stock worth $257,000 after purchasing an additional 30,969 shares in the last quarter. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen raised Orion Office REIT from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a report on Wednesday, October 8th. Finally, Jones Trading assumed coverage on shares of Orion Office REIT in a research report on Friday, January 9th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

About Orion Office REIT

Orion Office REIT is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of Class A office properties across high-growth U.S. markets. The company focuses on suburban and infill locations, targeting properties with strong tenant credit profiles and long-term lease structures. Its business strategy emphasizes active asset management, capital recycling and selective development to enhance income stability and potential total return for shareholders.

Orion Office REIT debuted on the New York Stock Exchange under the ticker ONL following a spin-off from Government Properties Income Trust in June 2021, though many of its core assets trace back to acquisitions made as early as 2013.