Orion Office REIT Inc. (NYSE:ONL) Sees Significant Decline in Short Interest

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 483,600 shares, a decline of 19.5% from the December 31st total of 601,000 shares. Based on an average daily volume of 314,000 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the company's stock are short sold.

Institutional Investors Weigh In On Orion Office REIT

Large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in shares of Orion Office REIT by 36.2% in the 3rd quarter. Stifel Financial Corp now owns 46,416 shares of the company's stock worth $186,000 after purchasing an additional 12,326 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Orion Office REIT by 69.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 259,754 shares of the company's stock worth $1,039,000 after purchasing an additional 106,383 shares during the period. Barclays PLC grew its holdings in shares of Orion Office REIT by 252.1% during the 3rd quarter. Barclays PLC now owns 73,730 shares of the company's stock worth $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 third quarter. Jane Street Group LLC now owns 117,934 shares of the company's stock valued at $472,000 after buying an additional 22,759 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Orion Office REIT by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,512,143 shares of the company's stock worth $6,050,000 after purchasing an additional 7,733 shares in the last quarter. Institutional investors own 79.95% of the company's stock.

Orion Office REIT Stock Up 0.9 %

NYSE ONL traded up $0.04 on Wednesday, reaching $4.09. The company had a trading volume of 157,704 shares, compared to its average volume of 308,338. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.60. The company's fifty day moving average is $3.94 and its 200 day moving average is $3.95. Orion Office REIT has a 52-week low of $3.01 and a 52-week high of $5.18. The stock has a market capitalization of $228.56 million, a P/E ratio of -2.65 and a beta of 1.09.

Orion Office REIT (NYSE:ONL - Get Free Report) last announced 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 net margin of 50.76% and a negative return on equity of 10.28%. The business had revenue of $39.18 million during the quarter.

Orion Office REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.40 annualized dividend and a dividend yield of 9.79%. Orion Office REIT's payout ratio is currently -25.97%.

Orion Office REIT Company 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.