Orion Office REIT (NYSE:ONL) Rating Lowered to “Sell” at Wall Street Zen

Orion Office REIT (NYSE:ONL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Orion Office REIT currently has an average rating of “Reduce”.

Orion Office REIT Stock Performance

Shares of Orion Office REIT stock opened at $2.07 on Friday. The stock has a market cap of $116.51 million, a PE ratio of -0.85 and a beta of 1.41. The business has a fifty day simple moving average of $2.45 and a 200-day simple moving average of $2.45. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.73. Orion Office REIT has a 12 month low of $1.46 and a 12 month high of $4.25.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share for the quarter. The business had revenue of $37.12 million for the quarter. Orion Office REIT had a negative net margin of 90.36% and a negative return on equity of 18.73%. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Institutional Investors Weigh In On Orion Office REIT

Institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC acquired a new position in Orion Office REIT in the second quarter worth approximately $26,000. PNC Financial Services Group Inc. grew its position in Orion Office REIT by 72.1% in the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock worth $29,000 after acquiring an additional 5,741 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Orion Office REIT during the 2nd quarter worth $30,000. Catalyst Funds Management Pty Ltd bought a new position in shares of Orion Office REIT during the 2nd quarter valued at $48,000. Finally, Quadrature Capital Ltd bought a new position in shares of Orion Office REIT during the 2nd quarter valued at $50,000. 79.95% of the stock is currently owned by institutional investors and hedge funds.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.