Orion Office REIT Inc. (NYSE:ONL) Sees Significant Growth in Short Interest

Orion Office REIT Inc. (NYSE:ONL) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 754,657 shares, an increase of 28.1% from the December 15th total of 589,110 shares. Approximately 1.4% of the shares of the company are short sold. 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. Approximately 1.4% of the shares of the company are short sold.

Orion Office REIT Price Performance

Shares of NYSE:ONL traded up $0.05 during midday trading 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. Orion Office REIT has a fifty-two week low of $1.46 and a fifty-two week high of $4.25. The company has a market capitalization of $122.47 million, a P/E ratio of -0.89 and a beta of 1.40. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.37 and a quick ratio of 2.37. The business’s fifty day simple moving average is $2.21 and its 200-day simple moving average is $2.49.

Orion Office REIT (NYSE:ONL) last announced its earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share (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 company 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 Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Orion Office REIT

A number of institutional investors and hedge funds have recently modified their holdings of ONL. Parkwood LLC acquired a new position in shares of Orion Office REIT in the 2nd quarter valued at $4,132,000. Y Intercept Hong Kong Ltd bought a new stake in Orion Office REIT in the second quarter valued at about $296,000. Bank of Montreal Can bought a new stake in Orion Office REIT in the second quarter valued at about $86,000. RBF Capital LLC acquired a new position in Orion Office REIT in the second quarter valued at about $2,130,000. Finally, Samalin Investment Counsel LLC lifted its stake 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 valued at $627,000 after buying an additional 161,751 shares during the period. 79.95% of the stock is owned by institutional investors.

About Orion Office REIT

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.