Short Interest in Orion Office REIT Inc. (NYSE:ONL) Grows By 247.6%

Orion Office REIT Inc. (NYSE:ONL) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,990,608 shares, an increase of 247.6% from the June 15th total of 572,735 shares. Based on an average daily trading volume, of 1,052,080 shares, the short-interest ratio is currently 1.9 days. Currently, 3.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in Orion Office REIT by 112.6% during the 1st quarter. Jane Street Group LLC now owns 85,594 shares of the company’s stock valued at $183,000 after purchasing an additional 45,341 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Orion Office REIT by 43.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company’s stock valued at $2,095,000 after purchasing an additional 299,309 shares during the last quarter. Gabelli Funds LLC bought a new position in shares of Orion Office REIT in the second quarter valued at about $26,000. Qube Research & Technologies Ltd acquired a new stake in shares of Orion Office REIT during the 2nd quarter worth about $62,000. Finally, Raymond James Financial Inc. lifted its stake 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 last quarter. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Stock Performance

Shares of Orion Office REIT stock traded down $0.05 during trading on Tuesday, hitting $2.67. 199,862 shares of the stock were exchanged, compared to its average volume of 363,412. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.81. The company has a fifty day moving average price of $2.88 and a 200-day moving average price of $2.53. The stock has a market capitalization of $151.62 million, a price-to-earnings ratio of -1.04 and a beta of 1.56. Orion Office REIT has a 1-year low of $1.89 and a 1-year high of $3.05.

Orion Office REIT (NYSE:ONL) last issued its earnings results on Thursday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The firm had revenue of $36.27 million during the quarter, compared to analyst estimates of $34.41 million. Orion Office REIT had a negative net margin of 98.36% and a negative return on equity of 21.88%. Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Orion Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Orion Office REIT’s dividend payout ratio (DPR) is presently -3.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ONL shares. JonesTrading lifted their target price on Orion Office REIT from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.50.

Orion Office REIT Company Profile

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.