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

by · The Markets Daily

Orion Office REIT (NYSE:ONL – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. 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 Price Performance

Shares of Orion Office REIT stock traded up $0.10 on Friday, reaching $4.07. 279,711 shares of the stock were exchanged, compared to its average volume of 274,075. The firm’s 50 day moving average is $3.98 and its 200-day moving average is $3.77. The firm has a market cap of $227.72 million, a PE ratio of -2.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.86 and a current ratio of 0.86. Orion Office REIT has a one year low of $3.01 and a one year high of $6.22.

Orion Office REIT Announces Dividend

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

About Orion Office REIT

(Get Free Report)

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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