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

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

Orion Office REIT Stock Up 2.5 %

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

Orion Office REIT Announces Dividend

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

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.