Y Intercept Hong Kong Ltd Takes Position in Orion Office REIT Inc. $ONL

Y Intercept Hong Kong Ltd purchased a new position in Orion Office REIT Inc. (NYSE:ONL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 138,739 shares of the company’s stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its holdings in shares of Orion Office REIT by 42.8% during the 2nd quarter. CWM LLC now owns 24,792 shares of the company’s stock worth $53,000 after acquiring an additional 7,428 shares during the period. Kawa Capital Management Inc boosted its position in shares of Orion Office REIT by 17.1% during the second quarter. Kawa Capital Management Inc now owns 2,958,934 shares of the company’s stock valued at $6,303,000 after purchasing an additional 431,896 shares in the last quarter. Jane Street Group LLC grew its stake in Orion Office REIT by 112.6% in the first quarter. Jane Street Group LLC now owns 85,594 shares of the company’s stock worth $183,000 after purchasing an additional 45,341 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Orion Office REIT by 7.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 314,679 shares of the company’s stock worth $673,000 after purchasing an additional 21,190 shares during the period. Finally, Virtus Advisers LLC bought a new position in Orion Office REIT in the first quarter worth $189,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Orion Office REIT has a consensus rating of “Reduce”.

Orion Office REIT Trading Up 5.7%

Shares of NYSE:ONL opened at $2.59 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.75 and a quick ratio of 0.75. Orion Office REIT Inc. has a 1 year low of $1.46 and a 1 year high of $4.30. The company has a market cap of $145.79 million, a P/E ratio of -1.06 and a beta of 1.40. The stock’s fifty day moving average price is $2.69 and its 200-day moving average price is $2.41.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings data on Thursday, November 6th. The company reported ($1.23) EPS for the quarter. The business had revenue of $37.12 million during the quarter. Orion Office REIT had a negative return on equity of 18.17% and a negative net margin of 90.36%. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Orion Office REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, December 31st. Orion Office REIT’s payout ratio is presently -5.76%.

Insider Buying and Selling at Orion Office REIT

In related news, Director Reginald Harold Gilyard acquired 55,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average price of $2.91 per share, for a total transaction of $160,050.00. Following the completion of the transaction, the director directly owned 227,778 shares in the company, valued at approximately $662,833.98. This trade represents a 31.83% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is owned by insiders.

Orion Office REIT Profile

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.