Orion Office REIT Inc. (NYSE:ONL) Announces Quarterly Dividend of $0.02

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.02 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Orion Office REIT Stock Up 3.1%

NYSE ONL traded up $0.08 during midday trading on Friday, hitting $2.53. 407,818 shares of the company traded hands, compared to its average volume of 508,226. Orion Office REIT has a 52 week low of $1.46 and a 52 week high of $4.30. The company’s 50-day simple moving average is $2.70 and its 200-day simple moving average is $2.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $142.20 million, a PE ratio of -1.82 and a beta of 1.40.

Orion Office REIT (NYSE:ONL) last posted its earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share for the quarter. Orion Office REIT had a negative net margin of 50.67% and a negative return on equity of 10.15%. The firm had revenue of $37.12 million for the quarter. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Insider Transactions at Orion Office REIT

In related news, Director Reginald Harold Gilyard purchased 55,000 shares of the company’s stock in a transaction dated 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 completion of the purchase, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by company insiders.

Institutional Trading of Orion Office REIT

A number of large investors have recently bought and sold shares of ONL. Kawa Capital Management Inc bought a new stake in shares of Orion Office REIT during the 1st quarter valued at $5,180,000. Parkwood LLC bought a new position in Orion Office REIT in the 2nd quarter valued at about $4,132,000. RBF Capital LLC acquired a new stake in shares of Orion Office REIT in the second quarter valued at approximately $2,130,000. 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. Finally, Jane Street Group LLC raised its position in Orion Office REIT by 872.9% in the second quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock valued at $1,774,000 after purchasing an additional 747,127 shares during the last quarter. 79.95% of the stock is currently owned by institutional investors.

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.