Orion Office REIT Inc. $ONL Shares Sold by Parkwood LLC

Parkwood LLC lowered its position in Orion Office REIT Inc. (NYSE:ONL) by 23.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,490,428 shares of the company’s stock after selling 449,572 shares during the period. Parkwood LLC’s holdings in Orion Office REIT were worth $4,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Rangeley Capital LLC acquired a new stake in Orion Office REIT during the first quarter valued at $1,967,000. Jain Global LLC purchased a new stake in shares of Orion Office REIT during the 4th quarter worth about $49,000. SmartHarvest Portfolios LLC purchased a new stake in shares of Orion Office REIT during the 4th quarter worth about $35,000. Hudson Bay Capital Management LP acquired a new stake in shares of Orion Office REIT during the 2nd quarter valued at about $30,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Orion Office REIT by 63.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 30,617 shares of the company’s stock valued at $65,000 after purchasing an additional 11,840 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Trading Down 4.8%

Shares of ONL stock opened at $2.80 on Thursday. Orion Office REIT Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $3.05. The company has a debt-to-equity ratio of 0.68, a quick ratio of 4.11 and a current ratio of 4.11. The stock’s fifty day moving average is $2.77 and its two-hundred day moving average is $2.65. The firm has a market capitalization of $159.12 million, a P/E ratio of -1.66 and a beta of 1.57.

Orion Office REIT (NYSE:ONL) last issued its earnings results on Thursday, August 6th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.49. The business had revenue of $34.30 million during the quarter, compared to analysts’ expectations of $34.16 million. Orion Office REIT had a negative net margin of 65.66% and a negative return on equity of 14.85%. Orion Office REIT has set its FY 2026 guidance at 0.720-0.770 EPS.

Orion Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.02 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.9%. Orion Office REIT’s dividend payout ratio is -4.73%.

Analyst Ratings Changes

ONL has been the subject of a number of recent analyst reports. JonesTrading boosted their price objective on Orion Office REIT from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $3.50.

Orion Office REIT 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.