Orion Office REIT (NYSE:ONL) Issues FY 2022 Earnings Guidance

Orion Office REIT (NYSE:ONLGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $1.660-$1.740 for the period. The company issued revenue guidance of -.

Shares of NYSE:ONL opened at $13.63 on Thursday. Orion Office REIT has a 1 year low of $13.29 and a 1 year high of $32.25. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $16.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 15th. Stockholders of record on Thursday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.93%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY bought a new stake in Orion Office REIT in the 4th quarter worth about $87,000. Advisors Asset Management Inc. purchased a new position in Orion Office REIT in the fourth quarter valued at about $153,000. Allianz Asset Management GmbH purchased a new stake in shares of Orion Office REIT during the 4th quarter valued at approximately $220,000. Stifel Financial Corp purchased a new stake in shares of Orion Office REIT during the 4th quarter valued at approximately $300,000. Finally, Amalgamated Bank purchased a new stake in shares of Orion Office REIT during the 4th quarter valued at approximately $451,000. 31.76% of the stock is owned by hedge funds and other institutional investors.

About Orion Office REIT (Get Rating)

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.

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