Orion Office REIT (NYSE:ONL) Shares Up 2% – Should You Buy?

Orion Office REIT Inc. (NYSE:ONL) shares shot up 2% during mid-day trading on Thursday . The stock traded as high as $2.99 and last traded at $2.9390. 320,079 shares were traded during mid-day trading, a decline of 5% from the average session volume of 338,218 shares. The stock had previously closed at $2.88.

Analyst Ratings Changes

Several research firms have recently issued reports on ONL. JonesTrading lifted their price target on Orion Office REIT from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Orion Office REIT presently has a consensus rating of “Hold” and a consensus price target of $3.50.

Orion Office REIT Trading Down 2.9%

The firm has a 50-day moving average price of $2.64 and a 200-day moving average price of $2.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.06 and a current ratio of 3.06. The stock has a market cap of $161.11 million, a PE ratio of -1.11 and a beta of 1.57.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.12). Orion Office REIT had a negative return on equity of 21.88% and a negative net margin of 98.36%.The business had revenue of $36.27 million during the quarter, compared to the consensus estimate of $34.41 million. Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Orion Office REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, June 30th. Orion Office REIT’s dividend payout ratio (DPR) is presently -3.13%.

Institutional Investors Weigh In On Orion Office REIT

Several large investors have recently bought and sold shares of ONL. J. Goldman & Co LP increased its holdings in Orion Office REIT by 141.9% in the 4th quarter. J. Goldman & Co LP now owns 2,158,925 shares of the company’s stock worth $4,879,000 after buying an additional 1,266,263 shares in the last quarter. Rangeley Capital LLC bought a new stake in shares of Orion Office REIT during the 1st quarter valued at about $1,967,000. Jane Street Group LLC grew its stake in shares of Orion Office REIT by 872.9% during the 2nd quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock valued at $1,774,000 after purchasing an additional 747,127 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Orion Office REIT by 43.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company’s stock valued at $2,095,000 after purchasing an additional 299,309 shares during the period. Finally, Susquehanna International Group LLP grew its stake in shares of Orion Office REIT by 197.6% during the 3rd quarter. Susquehanna International Group LLP now owns 419,053 shares of the company’s stock valued at $1,131,000 after purchasing an additional 278,244 shares during the period. 79.95% of the stock is currently owned by institutional investors.

About Orion Office REIT

Orion Office REIT is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of Class A office properties across high-growth U.S. markets. The company focuses on suburban and infill locations, targeting properties with strong tenant credit profiles and long-term lease structures. Its business strategy emphasizes active asset management, capital recycling and selective development to enhance income stability and potential total return for shareholders.

Orion Office REIT debuted on the New York Stock Exchange under the ticker ONL following a spin-off from Government Properties Income Trust in June 2021, though many of its core assets trace back to acquisitions made as early as 2013.