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Fintel reports that Sanda Par Olof
has filed a 13G/A form
with the SEC disclosing ownership of
4.39MM
shares of Orion Office REIT Inc (ONL).
This represents 7.75% of the company.
In their previous filing dated August 8, 2022
they reported 2.85MM shares and 5.03% of the company,
an increase in shares of 53.94%
and
an increase in total ownership of
2.72% (calculated as current – previous percent ownership).
Analyst Price Forecast Suggests 46.20% Upside
As of February 9, 2023,
the average one-year price target for Orion Office REIT is $13.26.
The forecasts range from a low of $13.13 to a high of $13.65.
The average price target represents an increase of 46.20% from its latest reported closing price of $9.07.
The projected annual revenue for Orion Office REIT
is $199MM, an increase of 0.35%.
The projected annual EPS
is -$0.71.
What is the Fund Sentiment?
There are 504 funds or institutions reporting positions in Orion Office REIT.
This is a decrease
of
97
owner(s) or 16.14% in the last quarter.
Average portfolio weight of all funds dedicated to ONL is 0.04%,
a decrease
of 25.00%.
Total shares owned by institutions decreased
in the last three months by 4.98% to 46,928K shares.
The put/call ratio of ONL is 0.84, indicating a
bullish
outlook.
What are large shareholders doing?
IJR – iShares Core S&P Small-Cap ETF
holds 4,144K shares
representing 7.32% ownership of the company.
In it’s prior filing, the firm reported owning 3,976K shares, representing
an increase
of 4.04%.
The firm
decreased
its portfolio allocation in ONL by 15.56% over the last quarter.
Newtyn Management
holds 2,860K shares
representing 5.05% ownership of the company.
In it’s prior filing, the firm reported owning 2,760K shares, representing
an increase
of 3.50%.
The firm
decreased
its portfolio allocation in ONL by 4.14% over the last quarter.
Bank Of America
holds 2,584K shares
representing 4.56% ownership of the company.
In it’s prior filing, the firm reported owning 2,581K shares, representing
an increase
of 0.09%.
The firm
decreased
its portfolio allocation in ONL by 75.99% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 2,566K shares
representing 4.53% ownership of the company.
In it’s prior filing, the firm reported owning 2,600K shares, representing
a decrease
of 1.31%.
The firm
increased
its portfolio allocation in ONL by 1.81% over the last quarter.
Private Management Group
holds 2,553K shares
representing 4.51% ownership of the company.
In it’s prior filing, the firm reported owning 2,495K shares, representing
an increase
of 2.28%.
The firm
decreased
its portfolio allocation in ONL by 4.88% over the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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