A Guide To The Risks Of Investing In Orion Office REIT Inc. (ONL)


Orion Office REIT Inc.’s filing revealed that its insider. Day Christopher Haviland acquired Company’s shares for reported $11138.0 on May 12. In the deal valued at $5.57 per share,2,000 shares were bought. As a result of this transaction, Day Christopher Haviland now holds 40,987 shares worth roughly $ 0.24 million.

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JMP Securities initiated its Orion Office REIT Inc. [ONL] rating to a Mkt perform in a research note published on Friday.

Price Performance Review of ONL

On Friday, Orion Office REIT Inc. [NYSE:ONL] saw its stock jump 0.17% to $5.84. On the same session, the stock had its day’s lowest price of $5.83, but rose to a high of $5.961. Over the last five days, the stock has gained 2.28%. Orion Office REIT Inc. shares have fallen nearly -31.62% since the year began. Nevertheless, the stocks have fallen -40.83% over the past one year. While a 52-week high of $10.69 was reached on 02/03/23, a 52-week low of $5.27 was recorded on 05/25/23. SMA at 50 days reached $6.39, while 200 days put it at $7.30. A total of 0.55 million shares were traded, compared to the trading of 0.52 million shares in the previous session.

Levels Of Support And Resistance For ONL Stock

The 24-hour chart illustrates a support level at 5.79, which if violated will result in even more drops to 5.75. On the upside, there is a resistance level at 5.92. A further resistance level may holdings at 6.01. The Relative Strength Index (RSI) on the 14-day chart is 38.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.29%. Stochastics %K at 22.03% indicates the stock is a holding.

How much short interest is there in Orion Office REIT Inc.?

A steep rise in short interest was recorded in Orion Office REIT Inc. stocks on Aug 14, 2023, dropping by 30000.0 shares to a total of 2.88 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.91 million shares. There was a decline of -1.04%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.38% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.1.

Orion Office REIT Inc. [ONL] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 8,867,938 shares, or roughly 15.65% of the outstanding ONL shares. In other words, the investor’s shares have risen by 169,436 from its previous 13-F filing of 8698502.0. Additionally, The Vanguard Group, Inc. decreased -4.15% of its stake after which the total value it holdings stand at $41,031,471, while Madison Avenue Partners LP reduced -8.91% of its stake to hold $26.62 million in the firm. Over the last quarter, Morgan Stanley & Co. LLC sold -17,247 shares of Orion Office REIT Inc., while Private Management Group, Inc. sold 73,855 shares. At present, Sand Capital Associates LLC is holding 2,786,215 shares valued at $18.11 million. SSgA Funds Management, Inc. owned 2,705,338 shares of the company at the time of its most recent 13F filing, worth $17.58 million.

According to FactSet, Orion Office REIT Inc.’s share price will average $8.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 37.22 percent from its previous closing price of $5.83. Analysts expect Orion Office REIT Inc. stock to reach the higher price of $8.00, while the lowest price estimate is $8.00. However, 1 analyst have rated ONL stock as a Hold in their predictions for 2023.


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