Short Interest in Orion Office REIT Inc. (NYSE:ONL) Declines By 19.5%

Orion Office REIT Inc. (NYSE:ONL) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 483,600 shares, a decrease of 19.5% from the December 31st total of 601,000 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 314,000 shares, the short-interest ratio is presently 1.5 days.

Orion Office REIT Stock Down 0.6 %

Shares of ONL traded down $0.03 on Monday, reaching $4.03. The company’s stock had a trading volume of 277,064 shares, compared to its average volume of 322,159. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. Orion Office REIT has a twelve month low of $3.01 and a twelve month high of $5.18. The stock has a market capitalization of $225.20 million, a PE ratio of -2.61 and a beta of 1.09. The firm has a fifty day moving average of $3.94 and a 200-day moving average of $3.95.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter. Orion Office REIT had a negative return on equity of 10.28% and a negative net margin of 50.76%. The firm had revenue of $39.18 million during the quarter.

Orion Office REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Orion Office REIT’s dividend payout ratio is currently -25.97%.

Institutional Trading of Orion Office REIT

Institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its holdings in shares of Orion Office REIT by 36.2% during the 3rd quarter. Stifel Financial Corp now owns 46,416 shares of the company’s stock valued at $186,000 after purchasing an additional 12,326 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Orion Office REIT by 69.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company’s stock valued at $1,039,000 after purchasing an additional 106,383 shares in the last quarter. Barclays PLC lifted its position in Orion Office REIT by 252.1% during the 3rd quarter. Barclays PLC now owns 73,730 shares of the company’s stock valued at $295,000 after acquiring an additional 52,788 shares during the period. Jane Street Group LLC lifted its position in Orion Office REIT by 23.9% during the 3rd quarter. Jane Street Group LLC now owns 117,934 shares of the company’s stock valued at $472,000 after acquiring an additional 22,759 shares during the period. Finally, Geode Capital Management LLC lifted its position in Orion Office REIT by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company’s stock valued at $6,050,000 after acquiring an additional 7,733 shares during the period. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

About Orion Office REIT

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.