Parkwood LLC reduced its holdings in Orion Office REIT Inc. (NYSE:ONL - Free Report) by 23.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,490,428 shares of the company's stock after selling 449,572 shares during the period. Parkwood LLC owned approximately 2.62% of Orion Office REIT worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Gabelli Funds LLC bought a new stake in Orion Office REIT during the second quarter worth approximately $26,000. Evoke Wealth LLC bought a new position in shares of Orion Office REIT during the 4th quarter valued at approximately $30,000. AXQ Capital LP purchased a new stake in Orion Office REIT during the 4th quarter valued at $30,000. Hudson Bay Capital Management LP bought a new stake in Orion Office REIT in the second quarter worth $30,000. Finally, SmartHarvest Portfolios LLC purchased a new position in Orion Office REIT during the fourth quarter worth $35,000. 79.95% of the stock is currently owned by institutional investors.
Orion Office REIT Trading Down 4.8%
Shares of ONL opened at $2.80 on Thursday. The firm has a market capitalization of $159.12 million, a price-to-earnings ratio of -1.66 and a beta of 1.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 4.11 and a quick ratio of 4.11. Orion Office REIT Inc. has a 1-year low of $1.89 and a 1-year high of $3.05. The company has a 50-day moving average of $2.77 and a 200 day moving average of $2.65.
Orion Office REIT (NYSE:ONL - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.49. The firm had revenue of $34.30 million for the quarter, compared to analyst estimates of $34.16 million. Orion Office REIT had a negative return on equity of 14.85% and a negative net margin of 65.66%.Orion Office REIT has set its FY 2026 guidance at 0.720-0.770 EPS.
Orion Office REIT Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Orion Office REIT's dividend payout ratio (DPR) is presently -4.73%.
Analysts Set New Price Targets
A number of analysts recently weighed in on ONL shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Orion Office REIT in a research report on Friday, July 17th. JonesTrading upped their target price on Orion Office REIT from $3.00 to $3.50 and gave the company a "buy" rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.50.
View Our Latest Report on Orion Office REIT
Orion Office REIT Company Profile
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Free Report)
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.
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