Orion Office REIT Inc. (NYSE:ONL) Sees Large Increase in Short Interest

Orion Office REIT Inc. (NYSE:ONL) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 1,990,608 shares, a growth of 247.6% from the June 15th total of 572,735 shares. Based on an average daily trading volume, of 1,052,080 shares, the short-interest ratio is presently 1.9 days. Currently, 3.6% of the company’s stock are sold short.

Orion Office REIT Price Performance

Shares of NYSE:ONL opened at $2.75 on Monday. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $156.57 million, a PE ratio of -1.08 and a beta of 1.56. The stock’s fifty day simple moving average is $2.88 and its two-hundred day simple moving average is $2.53. Orion Office REIT has a 1-year low of $1.89 and a 1-year high of $3.05.

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 firm had revenue of $36.27 million during the quarter, compared to the consensus estimate of $34.41 million. Orion Office REIT had a negative return on equity of 21.88% and a negative net margin of 98.36%.Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Orion Office REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Orion Office REIT’s dividend payout ratio is presently -3.12%.

Wall Street Analysts Forecast Growth

ONL has been the subject of several recent research reports. JonesTrading boosted their target price on shares of Orion Office REIT from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Orion Office REIT presently has a consensus rating of “Hold” and a consensus price target of $3.50.

Hedge Funds Weigh In On Orion Office REIT

Hedge funds have recently modified their holdings of the company. Gabelli Funds LLC bought a new position in shares of Orion Office REIT during the 2nd quarter worth approximately $26,000. AXQ Capital LP purchased a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $30,000. Evoke Wealth LLC purchased a new stake in shares of Orion Office REIT during the fourth quarter valued at approximately $30,000. Hudson Bay Capital Management LP bought a new stake in Orion Office REIT during the second quarter worth $30,000. Finally, SmartHarvest Portfolios LLC bought a new stake in Orion Office REIT during the fourth quarter worth $35,000. Institutional investors own 79.95% of the company’s stock.

Orion Office REIT Company 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.