As of Thursday, Orion Office REIT Inc.’s (NYSE:ONL) stock closed at $5.43, down from $5.75 the previous day. While Orion Office REIT Inc. has underperformed by -5.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ONL fell by -59.14%, with highs and lows ranging from $13.74 to $5.43, whereas the simple moving average fell by -35.62% in the last 200 days.
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Analysis of Orion Office REIT Inc. (ONL)
Investors in Orion Office REIT Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.40 per share. Further, the quarter-over-quarter decrease in sales is -5.70%, showing a negative trend in the upcoming months.
One of the most important indicators of Orion Office REIT Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -9.70% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and ONL is recording 673.38K average volume. On a monthly basis, the volatility of the stock is set at 4.44%, whereas on a weekly basis, it is put at 5.39%, with a loss of -7.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $8.00, showing growth from the present price of $5.43, which can serve as yet another indication of whether ONL is worth investing in or should be passed over.
How Do You Analyze Orion Office REIT Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 81.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in ONL shares?
The recent increase in stakes in ONL appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in ONL has decreased by -8.36% in the first quarter. The company now owns 8,698,502 shares of the stock, with a value of $53.41 million, following the sale of -793,729 additional shares during the last quarter. The Vanguard Group, Inc. made another decreased to its shares in ONL during the first quarter, downing its stake by -3.18%. During the last quarter, the company dropped down -216,184 additional shares for a total stake of worth $40.44 million, bringing number of shares owned by the company to 6,585,878.
During the first quarter, Madison Avenue Partners LP subtracted a -284,980 position in ONL. Morgan Stanley & Co. LLC purchased an additional 0.16 million shares in the last quarter, increasing its holdings by 4.83%, now holding 3.54 million shares worth $21.72 million. At the end of the first quarter, Private Management Group, Inc. increased its ONL holdings by 14.91% and now holds 2.93 million ONL shares valued at $18.01 million with the added 0.38 million shares during the period. ONL shares are owned by institutional investors to the tune of 81.30% at present.
