Orion Office REIT Inc. (NYSE:ONL – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.02 per share on Friday, January 15th. This represents a $0.08 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, December 31st.
Orion Office REIT Stock Up 13.0%
Shares of NYSE ONL traded up $0.30 during midday trading on Friday, hitting $2.65. The company’s stock had a trading volume of 192,273 shares, compared to its average volume of 348,963. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $150.88 million, a price-to-earnings ratio of -1.57 and a beta of 1.59. The business’s fifty day simple moving average is $2.42 and its two-hundred day simple moving average is $2.56. Orion Office REIT has a 1 year low of $1.89 and a 1 year high of $3.05.
Orion Office REIT (NYSE:ONL – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.28. The firm had revenue of $35.43 million for the quarter, compared to the consensus estimate of $33.69 million. Orion Office REIT had a negative net margin of 65.66% and a negative return on equity of 14.85%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Orion Office REIT in a research note on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.50.
Check Out Our Latest Research Report on ONL
Orion Office REIT Company Profile
Orion Office REIT Inc (NYSE: ONL) is a real estate investment trust focused on owning and managing office properties. Its portfolio has primarily consisted of office buildings leased to single tenants, with an emphasis on properties occupied by creditworthy tenants and supported by long-term leases.
The company was formed through a 2021 spin-off from Realty Income Corporation. At the time of the separation, Orion Office REIT received a portfolio of office properties located across multiple U.S.
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