Jones Trading Initiates Coverage on Orion Office REIT (NYSE:ONL)

Investment analysts at Jones Trading assumed coverage on shares of Orion Office REIT (NYSE:ONL) in a research note issued to investors on Friday,Benzinga reports. The brokerage set a “hold” rating on the stock.

Several other equities research analysts have also recently issued reports on ONL. Wall Street Zen cut shares of Orion Office REIT from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Orion Office REIT Stock Performance

NYSE ONL opened at $2.11 on Friday. The firm has a market cap of $118.53 million, a price-to-earnings ratio of -0.86 and a beta of 1.40. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.73. The company has a 50-day simple moving average of $2.24 and a two-hundred day simple moving average of $2.49. 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 released its earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share (EPS) for the quarter. Orion Office REIT had a negative return on equity of 18.73% and a negative net margin of 90.36%.The business had revenue of $37.12 million for the quarter. Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Hedge Funds Weigh In On Orion Office REIT

Institutional investors have recently bought and sold shares of the business. Private Management Group Inc. increased its holdings in shares of Orion Office REIT by 0.5% in the 2nd quarter. Private Management Group Inc. now owns 5,226,077 shares of the company’s stock worth $11,132,000 after buying an additional 25,956 shares during the last quarter. Kawa Capital Management Inc grew its position in Orion Office REIT by 17.1% in the second quarter. Kawa Capital Management Inc now owns 2,958,934 shares of the company’s stock worth $6,303,000 after acquiring an additional 431,896 shares in the last quarter. Parkwood LLC purchased a new position in Orion Office REIT in the second quarter worth about $4,132,000. RBF Capital LLC bought a new stake in Orion Office REIT during the second quarter worth approximately $2,130,000. Finally, Arrowstreet Capital Limited Partnership raised its position in Orion Office REIT by 43.7% during the second 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. Institutional investors own 79.95% of the company’s stock.

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.