Bank of Montreal Can Purchases New Holdings in Orion Office REIT Inc. $ONL

Bank of Montreal Can acquired a new stake in shares of Orion Office REIT Inc. (NYSE:ONL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,493 shares of the company’s stock, valued at approximately $86,000. Bank of Montreal Can owned about 0.07% of Orion Office REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Kawa Capital Management Inc purchased a new stake in shares of Orion Office REIT during the first quarter worth approximately $5,180,000. Private Management Group Inc. lifted its position in Orion Office REIT by 22.0% in the first quarter. Private Management Group Inc. now owns 5,200,121 shares of the company’s stock valued at $11,128,000 after purchasing an additional 939,129 shares during the period. Nuveen LLC acquired a new stake in Orion Office REIT in the first quarter valued at about $357,000. Y Intercept Hong Kong Ltd purchased a new stake in Orion Office REIT in the 2nd quarter valued at approximately $296,000. Finally, GSA Capital Partners LLP increased its position in Orion Office REIT by 45.7% during the 1st quarter. GSA Capital Partners LLP now owns 288,384 shares of the company’s stock worth $617,000 after purchasing an additional 90,405 shares during the period. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Orion Office REIT Trading Down 3.7%

Shares of Orion Office REIT stock opened at $2.22 on Friday. The company has a 50-day moving average of $2.58 and a two-hundred day moving average of $2.44. Orion Office REIT Inc. has a 12-month low of $1.46 and a 12-month high of $4.30. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.73. The stock has a market cap of $124.73 million, a PE ratio of -0.91 and a beta of 1.40.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share for the quarter. Orion Office REIT had a negative return on equity of 18.73% and a negative net margin of 90.36%.The firm had revenue of $37.12 million during the quarter. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Orion Office REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.02 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.6%. Orion Office REIT’s dividend payout ratio (DPR) is currently -3.28%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Orion Office REIT presently has an average rating of “Reduce”.

Insider Activity

In other Orion Office REIT news, Director Reginald Harold Gilyard acquired 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were acquired at an average cost of $2.91 per share, for a total transaction of $160,050.00. Following the transaction, the director directly owned 227,778 shares of the company’s stock, valued at approximately $662,833.98. This represents a 31.83% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by company insiders.

Orion Office REIT 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.