Orion Office REIT Inc. (NYSE:ONL) Declares Quarterly Dividend of $0.02

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.02 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, June 30th.

Orion Office REIT Stock Performance

Shares of NYSE:ONL traded up $0.03 during trading on Friday, hitting $2.87. 35,892 shares of the company were exchanged, compared to its average volume of 304,518. The company has a market cap of $162.82 million, a PE ratio of -1.15 and a beta of 1.57. The stock has a 50 day moving average of $2.39 and a 200 day moving average of $2.35. Orion Office REIT has a 52-week low of $1.63 and a 52-week high of $3.05. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.39 and a quick ratio of 2.39.

Orion Office REIT (NYSE:ONL) last posted its earnings results on Thursday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The company had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $34.41 million. Orion Office REIT had a negative return on equity of 20.13% and a negative net margin of 94.35%.Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Institutional Investors Weigh In On Orion Office REIT

A number of institutional investors and hedge funds have recently made changes to their positions in ONL. J. Goldman & Co LP raised its position in shares of Orion Office REIT by 141.9% in the fourth quarter. J. Goldman & Co LP now owns 2,158,925 shares of the company’s stock worth $4,879,000 after buying an additional 1,266,263 shares in the last quarter. Jane Street Group LLC raised its position in shares of Orion Office REIT by 872.9% in the second quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock worth $1,774,000 after buying an additional 747,127 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Orion Office REIT by 43.7% in the second 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 in the last quarter. Susquehanna International Group LLP raised its position in shares of Orion Office REIT by 197.6% in the third quarter. Susquehanna International Group LLP now owns 419,053 shares of the company’s stock worth $1,131,000 after buying an additional 278,244 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new stake in shares of Orion Office REIT in the fourth quarter worth $470,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

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.