Orion Office REIT Inc. (NYSE:ONL) Short Interest Up 28.1% in December

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Management Group Inc. boosted its position in Orion Office REIT by 0.5% during the second quarter. Private Management Group Inc. now owns 5,226,077 shares of the company’s stock worth $11,132,000 after purchasing an additional 25,956 shares during the period. Parkwood LLC acquired a new stake in shares of Orion Office REIT in the second quarter worth $4,132,000. RBF Capital LLC acquired a new stake in shares of Orion Office REIT in the second quarter worth $2,130,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Orion Office REIT by 43.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company’s stock worth $2,095,000 after buying an additional 299,309 shares during the period. Finally, Jane Street Group LLC grew its stake in Orion Office REIT by 872.9% in the 2nd quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock valued at $1,774,000 after buying an additional 747,127 shares during the last quarter. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Jones Trading initiated coverage on Orion Office REIT in a report on Friday, January 9th. They issued a “hold” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Orion Office REIT from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Orion Office REIT Stock Up 2.1%

Shares of ONL traded up $0.05 during trading hours on Friday, reaching $2.18. The company’s stock had a trading volume of 255,531 shares, compared to its average volume of 227,325. The company has a 50 day moving average of $2.21 and a two-hundred day moving average of $2.49. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.73. The firm has a market cap of $122.47 million, a price-to-earnings 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) EPS for the quarter. The company had revenue of $37.12 million for the quarter. Orion Office REIT had a negative net margin of 90.36% and a negative return on equity of 18.73%. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Orion Office REIT Announces Dividend

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

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.