Orion Office REIT Inc. (NYSE:ONL) to Issue Quarterly Dividend of $0.02

Orion Office REIT Inc. (NYSE:ONL) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, September 30th will be given a dividend of 0.02 per share on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 30th.

Orion Office REIT Price Performance

ONL opened at $2.60 on Friday. The stock’s 50-day moving average price is $2.77 and its 200 day moving average price is $2.59. Orion Office REIT has a 12-month low of $1.89 and a 12-month high of $3.05. The firm has a market cap of $147.93 million, a price-to-earnings ratio of -1.02 and a beta of 1.57. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.81.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.49. The company had revenue of $34.30 million for the quarter, compared to analyst estimates of $34.16 million. Orion Office REIT had a negative net margin of 98.36% and a negative return on equity of 21.88%. Orion Office REIT has set its FY 2026 guidance at 0.720-0.770 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ONL. Gabelli Funds LLC purchased a new stake in shares of Orion Office REIT in the 2nd quarter valued at approximately $26,000. AXQ Capital LP purchased a new stake in shares of Orion Office REIT during the 4th quarter worth $30,000. Evoke Wealth LLC acquired a new position in shares of Orion Office REIT during the fourth quarter worth $30,000. Hudson Bay Capital Management LP acquired a new position in shares of Orion Office REIT during the second quarter worth $30,000. Finally, SmartHarvest Portfolios LLC acquired a new position in shares of Orion Office REIT during the fourth quarter worth $35,000. Hedge funds and other 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.