Orion Office REIT (NYSE:ONL) Releases FY 2024 Earnings Guidance

Orion Office REIT (NYSE:ONL) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.990-1.010 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of -.

Orion Office REIT Stock Up 2.5 %

ONL traded up $0.10 during midday trading on Friday, reaching $4.07. The company’s stock had a trading volume of 279,711 shares, compared to its average volume of 274,075. The stock’s 50-day moving average is $3.98 and its 200-day moving average is $3.77. The firm has a market capitalization of $227.72 million, a price-to-earnings ratio of -2.47 and a beta of 0.99. Orion Office REIT has a 1 year low of $3.01 and a 1 year high of $6.22. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.56.

Orion Office REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.40 annualized dividend and a yield of 9.83%. Orion Office REIT’s payout ratio is -24.24%.

About Orion Office REIT

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.