Greenland Capital Management LP Invests $275,000 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, Holdings Channel.com reports. The fund acquired 128,889 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC acquired a new position in Orion Office REIT in the 1st quarter valued at about $357,000. Kawa Capital Management Inc purchased a new stake in shares of Orion Office REIT during the 1st quarter valued at approximately $5,180,000. Private Management Group Inc. lifted 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 acquiring an additional 939,129 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Orion Office REIT in the second quarter worth approximately $296,000. Finally, Samalin Investment Counsel LLC grew its position in Orion Office REIT by 122.0% in the second quarter. Samalin Investment Counsel LLC now owns 294,306 shares of the company’s stock worth $627,000 after acquiring an additional 161,751 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Orion Office REIT Stock Down 0.2%

Orion Office REIT stock opened at $2.37 on Thursday. The company has a market capitalization of $133.17 million, a PE ratio of -0.97 and a beta of 1.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.37 and a current ratio of 2.37. Orion Office REIT Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $4.30. The firm has a 50 day moving average price of $2.60 and a 200 day moving average price of $2.44.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) EPS for the quarter. Orion Office REIT had a negative return on equity of 18.73% and a negative net margin of 90.36%.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.

Orion Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.02 dividend. 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 payout ratio is currently -3.28%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Orion Office REIT

In other Orion Office REIT news, Director Reginald Harold Gilyard purchased 55,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $160,050.00. Following the completion of the purchase, the director directly owned 227,778 shares of the company’s stock, valued at approximately $662,833.98. This trade represents a 31.83% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is owned by company insiders.

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.