Occupancy climbed sharply, but the strategic sale review has slowed.
ONL Orion Properties Inc.
XNYS 2.86 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
ONL
$2.86
—
What changed
Recent filings, trades and movesKey stats
$2.86
- 52-Week Range
- $1.89 – $3.05
- YTD
- +26.55%
- IV Rank (30D)
- 49.06
- Straddle Price
- $0.85
- P/C Vol Ratio
- 0.26
- Market Cap
- $0.2B
- Open
- $2.75
- Day Range
- $2.68 – $2.93
- Volume
- 1,063,264
- Prev Close
- $2.69
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.42% (VRP-adj) |
| WACC | 6.44% |
| Volatility Risk Premium | +116.1pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | -7.6% |
| DCF Horizon | 5 years explicit + fade |
| Free Cash Flow (TTM) | $-0.0B |
| Return on Equity (TTM) | -14.8% |
| Book / Price | 405.6% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 58.2% |
| FCF Margin (TTM) | -33.0% |
| Debt / Equity | 0.68 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $2.42 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $2.26 |
| Bollinger Width / SMA20 | 33.8% (drives anchor stability) |
| Net Debt | $0.4B |
| Market Cap | $0B |
Peers used for multiples: CLDT, DRH, EGP, HIW, KRC, LXP, OHI, WELL
Blended Fair Value
$9.52
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $0.51 | 43% | |
| Peer P/E | n/a | 0% | median 32.3× · 8 peers |
| Peer EV/EBITDA | $9.63 | 16% | median 15.7× · 8 peers |
| Peer P/B | $19.75 | 21% | median 1.8× · 8 peers |
| Peer P/S | $17.67 | 21% | median 7.2× · 8 peers |
| Market Anchor (SMA50) | $2.42 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
- Exchange
- XNYS
- Market Cap
- $0.2B
- Employees
- 37
- List Date
- 2021-11-01
- CIK
- 0001873923
- Last Earnings
- Nov 5 after close · +14.5% vs ±26.6% expected
- Headquarters
- Phoenix, AZ
- Homepage
- https://www.onlreit.com
Orion Properties Inc is an internally managed real estate investment trust engaged in the ownership, acquisition, and management of a diversified portfolio of office properties located in high-quality suburban markets across the United States and leased mainly on a single-tenant net lease basis to creditworthy tenants. Its portfolio is comprised of traditional office properties, as well as governmental, medical office, flex/laboratory, and R&D and flex/industrial properties. The company is focused on shifting its portfolio concentration over time away from traditional office properties, toward…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -10.83% | 15.57% | -10.92% | 9.46% | -1.33% | 0.39% |
| Feb | -- | 0.53% | -8.55% | -31.71% | 3.00% | 6.87% | -5.97% |
| Mar | -- | -16.22% | -19.18% | -1.96% | -47.93% | -14.68% | -19.99% |
| Apr | -- | -6.22% | -9.84% | -8.24% | -13.68% | 32.87% | -1.02% |
| May | -- | 0.08% | -9.02% | 16.46% | 0.53% | 0.68% | 1.75% |
| Jun | -- | -16.78% | 15.36% | -7.24% | 13.30% | -3.02% | 0.32% |
| Jul | -- | -0.64% | -5.52% | 16.71% | 15.42% | -7.04% | 3.79% |
| Aug | -- | -9.12% | -7.17% | 2.50% | 14.67% | 4.40% | 1.06% |
| Sep | -- | -11.97% | -10.79% | 0.76% | -9.40% | -10.75% | -8.43% |
| Oct | -- | 7.21% | -1.85% | -1.84% | -9.85% | -2.87% | -1.84% |
| Nov | -16.57% | -0.75% | 9.09% | 13.71% | -6.64% | 17.21%* | 2.68% |
| Dec | 5.72% | -8.57% | 2.51% | -11.46% | 3.67% | -- | -1.63% |
| Total | -11.80% | -54.64% | -30.59% | -29.58% | -39.61% | 15.10% | -25.18% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $2.30
SMA 50: $2.42
SMA 200: $2.58
Current: $2.86
EMA 12: $2.47
EMA 26: $2.40
MACD: 0.0744 | Signal: 0.0681
BULLISH
ADX (14): 28.07
TREND
+DI: 40.71
−DI: 17.94
Momentum Oscillators
RSI (14): 69.90
NEUTRAL
Stoch %K: 85.09
Stoch %D: 83.26
Williams %R: -8.05
Volume & Volatility
BB Upper: $2.76
BB Lower: $1.84
OVERBOUGHT
OBV: -369,855
Vol SMA 20: 625,500
Vol ROC: 73.53%
ATR: $0.14
True Range: $0.25
HV 20: 78.0%
HV 30: 67.6%
HV 60: 52.5%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-11T00:00:00 – 2026-11-09T00:00:00
AI Analysis
Written before ONL’s Nov 5 earnings report, so it doesn’t reflect the results.
Here is a comprehensive stock analysis report for ONL:
Executive Summary
Executive Summary: BULLISH (Confidence Level 6/10)
Key Drivers: Positive earnings news, increasing trend strength, and higher volatility signal.
Primary Risks: Earnings miss, regulatory changes, and market downturn.
Investment Thesis: ONL is poised for a potential breakout above its current trading range, driven by its improving trend strength and relatively low valuation. The stock's high volatility and positive sentiment from recent news headlines support this thesis.
Recent News Sentiment Impact: The recent news headlines suggest a neutral sentiment, with no significant events or developments that would impact the stock price. However, the company's positive earnings history and increasing trend strength are key drivers for its potential upside.
Technical Analysis
Technical Analysis:
Trend Direction: Short-term (1-4 weeks): Uptrend Medium-term (1-3 months): Uptrend Long-term (3-12 months): Range-bound
Support/Resistance Levels: Key price levels from moving averages and technical patterns:
- SMA 20: $2.82 (support)
- SMA 50: $2.87 (resistance)
- SMA 200: $2.49 (support)
Momentum Signals:
- RSI interpretation: Neutral (43.04) with no buy or sell signal
- MACD signal: Bearish (signal line below the histogram)
- Bollinger Bands position: Squeeze (price near the middle band, indicating a consolidation phase)
Volume Analysis: Volume trends and institutional interest signals:
- Volume SMA 20: 635767.70 (decreasing volume on uptrend)
- On-Balance Volume (OBV): -6086902.89 ( bearish OBV signal)
- Volume Rate of Change: -86.84% ( decreasing volume)
News & Sentiment Analysis
News & Sentiment Analysis:
Recent Headlines Summary: Neutral sentiment from recent news headlines, with no significant events or developments that would impact the stock price.
Sentiment Assessment: NEUTRAL Aggregate news sentiment is neutral, indicating a balanced view of the company and its prospects.
Catalyst Identification: No upcoming earnings dates or regulatory changes to drive significant moves in the stock price.
Market Narrative: The market narrative is focused on the company's historical performance and increasing trend strength, which supports its potential upside.
Risk & Volatility Assessment
Risk & Volatility Assessment:
Beta Interpretation: High risk relative to market (beta >1.10).
Volatility Regime: Current vs historical volatility levels:
- Stock Volatility: 0.46
- Historical Volatility (HV30): 32.8%
- Implied Volatility Premium: 460.6% (positive = implied richer than realized)
Options Market Signals: IV Rank: Medium (48.4%) Current IV: 183.7% Expected Move: $1.05 (42 DTE), 7-DTE: $0.88 Volume Flow: 5 calls vs 0 puts Open Interest: 1 calls vs 0 puts Put/Call Volume Ratio: 0.00 (Bullish sentiment) Put/Call OI Ratio: 0.00
Downside Protection: Support levels and risk management considerations:
- SMA 20: $2.82 (support)
- SMA 50: $2.87 (resistance)
Market Context & Positioning
Market Context & Positioning:
Sector Performance: Relative strength vs sector/market:
- Real Estate Sector: Neutral
- SPY Index: Bullish
Institutional Activity: Volume patterns suggesting institutional interest:
- Decreasing volume on uptrend, indicating a potential lack of participation from institutions.
Correlation Analysis: How stock moves relative to market (R-squared interpretation):
- R-squared: 0.30 (above average correlation)
Relative Valuation: Position within trading range:
- ONL is relatively cheap compared to its peers and historical valuations, indicating a potential upside catalyst.
Key Levels & Action Items
Key Levels & Action Items:
Critical Price Levels: Support/Resistance levels from moving averages and technical patterns:
- SMA 20: $2.82 (support)
- SMA 50: $2.87 (resistance)
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- SMA 200: $2.49 (support)
- Upper Bollinger Band: $2.95 (resistance)
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:
- No upcoming earnings dates or regulatory changes to drive significant moves in the stock price.
Risk Management: Stop-loss levels and position sizing considerations:
- Set stop-loss at SMA 20 ($2.82) for a potential exit if the stock breaks below this level.
- Consider reducing position size due to high volatility and increasing trend strength.
Note: This analysis is based on the provided data, and the confidence level is 6/10 due to the mixed signals from recent news headlines and technical indicators.
Generated
News
All ONL news →
Earnings History
19 of 19 under expected move
Avg Expected Move
34.93%
Avg Actual Move
2.42%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2022-03-24 | Pre-Market | 10.56% | 2.10% | 0.20x | Within |
| 2022-08-03 | Pre-Market | 3.61% | 0.83% | 0.23x | Within |
| 2023-03-08 | Pre-Market | 12.58% | 2.38% | 0.19x | Within |
| 2023-05-09 | Pre-Market | 18.65% | 1.13% | 0.06x | Within |
| 2023-08-09 | Pre-Market | 23.25% | 0.16% | 0.01x | Within |
| 2023-11-09 | Pre-Market | 6.52% | 0.79% | 0.12x | Within |
| 2024-02-27 | Pre-Market | 21.06% | 2.55% | 0.12x | Within |
| 2024-05-08 | Pre-Market | 31.95% | 0.89% | 0.03x | Within |
| 2024-08-08 | Pre-Market | 104.00% | 2.67% | 0.03x | Within |
| 2024-11-07 | After-Close | 108.94% | 2.52% | 0.02x | Within |
| 2024-11-22 | Pre-Market | 26.18% | 1.50% | 0.06x | Within |
| 2025-03-05 | Pre-Market | 28.75% | 3.75% | 0.13x | Within |
| 2025-05-07 | Pre-Market | 82.85% | 1.02% | 0.01x | Within |
| 2025-08-06 | Pre-Market | 8.82% | 0.39% | 0.04x | Within |
| 2025-11-06 | Pre-Market | 22.73% | 1.24% | 0.05x | Within |
| 2026-03-05 | After-Close | 16.67% | 3.92% | 0.24x | Within |
| 2026-05-07 | After-Close | 29.05% | 1.41% | 0.05x | Within |
| 2026-08-06 | Pre-Market | 80.83% | 2.26% | 0.03x | Within |
| 2026-11-05 | After-Close | 26.60% | 14.47% | 0.54x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
ONL Options Activity & IV Rank
ONL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 113.4%
7-DTE IV: —
Expected Move: $0.85
7-DTE Move: $1.82
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 180
Put Volume: 47
P/C Volume: 0.261
BULLISH
Call OI: 661
Put OI: 157
P/C OI: 0.238
Total OI: 818
ATM Options Pricing
ATM Call: $0.45
ATM Put: $0.40
Call %: 15.7%
Put %: 14.0%
Chain Summary
Chain Volume: 227
Chain OI: 818
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 60th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
60%
vs own history
GEX tilt
+0.78
OI-weighted, today
Vanna tilt
-1.00
δ-sensitivity to IV
Charm tilt
+0.99
δ-decay vs time
Vanna tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt +0.99: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)49.1MediumNov 9
Straddle Price (30 DTE)$0.85Nov 9
Beta Analysis
Risk Metrics
Beta: 1.1371
Alpha: 7.30%
Correlation: 0.3163
R-Squared: 10.0%
Stock Volatility: 49.4%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own ONL
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Renaissance Technologies Hedge fund Jim Simons | $5.4M | #1417 of 3138 | +9.4% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $1K | #4525 of 4729 | +10.9% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
ONL Institutional Ownership (13F)
Filings for 2026-06-30 · 95 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 56,804,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$38.69K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $36.70K | 94.87% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $1.73K | 4.48% | 2026-06-30 |
| 3 | Simplex Trading, LLC Custodian | $249 | 0.64% | 2026-09-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
ONL Insider Trading (Form 4)
Latest: 2026-06-15Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-15 | Kathleen Allen | Director | Gift (G) | — | — | EDGAR | |
| 2026-05-15 | Richard J Lieb | Director | Award (A) | +34,483 | — | EDGAR | |
| 2026-05-15 | Gregory J. Whyte | Director | Award (A) | +34,483 | — | EDGAR | |
| 2026-05-15 | Reginald Harold Gilyard | Director | Award (A) | +43,103 | — | EDGAR | |
| 2026-05-15 | Kathleen Allen | Director | Award (A) | +34,483 | — | EDGAR | |
| 2026-03-16 | Gavin Brandon | See Remarks. | Award (A) | +115,063 | — | EDGAR | |
| 2026-03-16 | Paul C Hughes | General Counsel & Secretary | Award (A) | +73,222 | — | EDGAR | |
| 2026-03-16 | Revea Lynn Schmidt | See Remarks. | Award (A) | +62,762 | — | EDGAR | |
| 2026-03-16 | Paul H McDowell | See Remarks. | Award (A) | +217,573 | — | EDGAR | |
| 2026-03-16 | Christopher Haviland Day | See Remarks. | Award (A) | +99,372 | — | EDGAR | |
| 2026-03-10 | Christopher Haviland Day | See Remarks. | Tax (F) | −2,327 | $2.45 | -$5.7K | EDGAR |
| 2026-03-10 | Revea Lynn Schmidt | See Remarks. | Tax (F) | −2,096 | $2.45 | -$5.1K | EDGAR |
| 2026-03-10 | Paul C Hughes | General Counsel & Secretary | Tax (F) | −2,679 | $2.45 | -$6.6K | EDGAR |
| 2026-03-10 | Paul H McDowell | See Remarks. | Tax (F) | −10,197 | $2.45 | -$25.0K | EDGAR |
| 2026-03-10 | Gavin Brandon | See Remarks. | Tax (F) | −3,200 | $2.45 | -$7.8K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
ONL Insider Holdings
10 insiders · @ $2.86
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Paul H McDowell | See Remarks. | 744,147 | $2.13M | $29.8K | 21 | 2026-03-16 |
| 2 | Gavin Brandon | See Remarks. | 343,618 | $982.7K | $0 | 20 | 2026-03-16 |
| 3 | Reginald Harold Gilyard | Director | 270,881 | $774.7K | $253.8K | 8 | 2026-05-15 |
| 4 | Christopher Haviland Day | See Remarks. | 269,198 | $769.9K | $11.1K | 21 | 2026-03-16 |
| 5 | Paul C Hughes | General Counsel & Secretary | 192,565 | $550.7K | $0 | 20 | 2026-03-16 |
| 6 | Revea Lynn Schmidt | See Remarks. | 174,270 | $498.4K | $0 | 16 | 2026-03-16 |
| 7 | Kathleen Allen | Director | 148,896 | $425.8K | $0 | 9 | 2026-06-15 |
| 8 | Richard J Lieb | Director | 141,099 | $403.5K | $0 | 6 | 2026-05-15 |
| 9 | Gregory J. Whyte | Director | 139,896 | $400.1K | $0 | 6 | 2026-05-15 |
| 10 | Gary E Landriau | See Remarks. | 135,849 | $388.5K | $26.3K | 16 | 2025-05-16 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ONL Board & Officers
As of SEC filings through Jun 15, 2026Directors 5
- Gregory J. Whyte · since Nov 12, 2021
- Kathleen Allen · since Nov 12, 2021
- Paul H McDowell · since Nov 12, 2021
- Reginald Harold Gilyard · since Nov 12, 2021
- Richard J Lieb · since Nov 12, 2021
Officers 5
- Paul H McDowell · Chief Executive Officer, President · since Nov 12, 2021
- Christopher Haviland Day · Executive Vice President, Chief Operating Officer · since Nov 12, 2021
- Gavin Brandon · Executive Vice President, Chief Financial Officer and Treasurer · since Nov 12, 2021
- Revea Lynn Schmidt · Senior Vice President, Chief Accounting Officer · listed since Mar 2026
- Paul C Hughes · General Counsel & Secretary · since Nov 30, 2021
Changes in the last 10 years (22)
| Mar 2, 2026 | Revea Lynn Schmidt listed as Senior Vice President, Chief Accounting Officer (previously Chief Accounting Officer) in SEC filings |
| Jun 30, 2025 | Gary E Landriau left as Executive Vice President, Chief Investment Officer, per their own SEC filing |
| May 16, 2025 | Revea Lynn Schmidt listed as Chief Accounting Officer (previously Senior Vice President, Chief Accounting Officer) in SEC filings |
| Nov 30, 2021 | Paul C Hughes became General Counsel & Secretary |
| Nov 15, 2021 | Realty Income Corp reported in an SEC filing no longer being a 10% owner |
| Nov 12, 2021 | Richard J Lieb became a director |
| Nov 12, 2021 | Revea Lynn Schmidt became Senior Vice President, Chief Accounting Officer |
| Nov 12, 2021 | Reginald Harold Gilyard became a director |
| Nov 12, 2021 | Paul H McDowell became a director |
| Nov 12, 2021 | Paul H McDowell became Chief Executive Officer, President |
| Nov 12, 2021 | Kathleen Allen became a director |
| Nov 12, 2021 | Gregory J. Whyte became a director |
| Nov 12, 2021 | Gavin Brandon became Executive Vice President, Chief Financial Officer and Treasurer |
| Nov 12, 2021 | Gary E Landriau became Executive Vice President, Chief Investment Officer |
| Nov 12, 2021 | Christopher Haviland Day became Executive Vice President, Chief Operating Officer |
| Oct 22, 2021 | Sumit Roy became a director |
| Oct 22, 2021 | Sumit Roy became President and CEO |
| Oct 22, 2021 | Realty Income Corp became a 10% owner |
| Oct 22, 2021 | Michelle Bushore became a director |
| Oct 22, 2021 | Michelle Bushore became EVP, CLO & Secretary |
| Oct 22, 2021 | Christie B. Kelly became a director |
| Oct 22, 2021 | Christie B. Kelly became EVP, CFO & Treasurer |
Not reported recently (3)
- Michelle Bushore · Last reported as a director in an SEC filing dated Oct 22, 2021
- Christie B. Kelly · Last reported as a director in an SEC filing dated Oct 22, 2021
- Sumit Roy · Last reported as a director in an SEC filing dated Oct 22, 2021
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
25 ETFs hold ONL
25 shown · $15.45M total exposure · 0.00% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $4.4M | — | 2026-09-30 |
| 2 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.00% | $3.4M | $76.6B | 2026-11-06 |
| 3 | VXF Vanguard Extended Market ETF | Vanguard | 0.00% | $1.5M | — | 2026-09-30 |
| 4 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.01% | $1.4M | $13.9B | 2026-11-06 |
| 5 | BLDG Cambria Global Real Estate ETF | Nport | 1.27% | $856,464 | — | 2026-07-31 |
| 6 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.00% | $774,552 | — | 2026-09-30 |
| 7 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.00% | $736,640 | — | 2026-08-31 |
| 8 | DFAR Dimensional US Real Estate ETF | Dimensional | 0.01% | $611,407 | — | 2026-11-05 |
| 9 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $430,906 | $93.2B | 2026-11-06 |
| 10 | IWC iShares Micro-Cap ETF | iShares (BlackRock) | 0.04% | $430,841 | $1.2B | 2026-11-06 |
| 11 | GSSC Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF | Goldman | 0.02% | $224,380 | $1.0B | 2026-11-05 |
| 12 | DFGR Dimensional Global Real Estate ETF | Dimensional | 0.01% | $201,176 | $4.0B | 2026-11-05 |
| 13 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.01% | $149,672 | — | 2026-07-31 |
| 14 | VTWV Vanguard Russell 2000 Value ETF | Vanguard | 0.01% | $123,026 | — | 2026-09-30 |
| 15 | RSSL Global X Russell 2000 ETF | Global X | 0.01% | $69,908 | — | 2026-11-06 |
| 16 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $68,471 | — | 2026-08-31 |
| 17 | RFLR Innovator U.S. Small Cap Managed Floor ETF | Innovator | 0.04% | $41,819 | $94.5M | 2026-11-06 |
| 18 | FRI First Trust S&P REIT Index Fund | First Trust | 0.01% | $23,112 | $205.3M | 2026-11-06 |
| 19 | VTHR Vanguard Russell 3000 ETF | Vanguard | 0.00% | $13,501 | — | 2026-09-30 |
| 20 | ITWO ProShares Russell 2000 High Income ETF | ProShares | 0.00% | $8,178 | — | 2026-11-06 |
| 21 | URTY ProShares UltraPro Russell2000 | ProShares | 0.00% | $6,340 | — | 2026-11-06 |
| 22 | CLIM Climate Global Climate Resilient REIT Index ETF | Nport | 0.32% | $4,988 | — | 2026-08-31 |
| 23 | UWM ProShares Ultra Russell2000 | ProShares | 0.00% | $4,315 | — | 2026-11-06 |
| 24 | HDG ProShares Hedge Replication ETF | ProShares | 0.00% | $180 | — | 2026-11-06 |
| 25 | RB ProShares Russell 2000 Dynamic Buffer ETF | ProShares | 0.00% | $48 | — | 2026-11-06 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-1.69
TTM Revenue
$142.92M
TTM Net Income
$-93.84M
TTM Op. Cash Flow
$22.61M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $34.30M | $24.58M | $0.42 | $16.08M |
| Q1 '26 | 2026-03-31 | $36.27M | $-13.58M | $-0.24 | $-7.72M |
| Q4 '25 | 2025-12-31 | $35.22M | $-35.81M | $-0.64 | $8.52M |
| Q3 '25 | 2025-09-30 | $37.12M | $-69.03M | $-1.23 | $5.74M |
| Q2 '25 | 2025-06-30 | $37.30M | $-25.10M | $-0.45 | $11.56M |
| Q1 '25 | 2025-03-31 | $38.00M | $-9.36M | $-0.17 | $-2.25M |
| Q4 '24 | 2024-12-31 | $38.36M | $-32.76M | $-0.58 | $12.50M |
| Q3 '24 | 2024-09-30 | $39.18M | $-10.22M | $-0.18 | $13.75M |
| Q2 '24 | 2024-06-30 | $40.12M | $-33.80M | $-0.60 | $16.99M |
| Q1 '24 | 2024-03-31 | $47.20M | $-26.23M | $-0.47 | $11.02M |
| Q4 '23 | 2023-12-31 | $43.75M | $-16.17M | $-0.29 | $19.50M |
| Q3 '23 | 2023-09-30 | $49.08M | $-16.52M | $-0.29 | $25.67M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-06
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.26
P/S
1.14
EV/EBITDA
9.30
EV/Sales
4.05
ROE
-14.8%
ROA
-8.2%
Div Yield
2.95%
FCF Yield
13.92%
Debt/Equity
0.68
Current Ratio
—
Market Cap
$162.46M
as of 2026-11-09
ONL vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| WELL Welltower Inc. | $179.7B | 107.1 | +40.5% | +32.3% | 38 |
| OHI Omega Healthcare Investors Inc. | $14.7B | 19.9 | +14.6% | +9.7% | 20 |
| EGP EastGroup Properties Inc. | $10.4B | 33.8 | +10.4% | +10.8% | 76 |
| KRC Kilroy Realty Corp. | $4.2B | 147.7 | −3.6% | −2.9% | 13 |
| LXP LXP Industrial Trust | $3.6B | 31.5 | −3.5% | +23.4% | 46 |
| HIW Highwoods Properties Inc. | $3.5B | 18.6 | +5.4% | +21.6% | 10 |
| DRH Diamondrock Hospitality Company Common S | $2.9B | 19.7 | +32.0% | +57.5% | 25 |
| CLDT CHATHAM LODGING TRUST | $722M | 99.2 | +3.8% | +133.5% | 32 |
| ONL Orion Properties Inc. | $153M | — | −6.5% | +26.5% | 49 |
| Peer median | $3.9B | 32.6 | +7.9% | +22.5% | 29 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
2.18M
SI % of Float
4.17%
Days to Cover
8.62
Short Vol Ratio
29.4%
Free Float
52.30M
Float %
92.0%
Short interest 2026-10-15 • Short volume 2026-11-09 • Float 2026-08-13