Jones Trading Upgrades Orion Office REIT (NYSE:ONL) to Buy

Orion Office REIT (NYSE:ONL) was upgraded by Jones Trading from a “hold” rating to a “buy” rating in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a $3.00 target price on the stock. Jones Trading’s price objective points to a potential upside of 25.00% from the company’s previous close.

Several other research analysts have also commented on ONL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Orion Office REIT from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.00.

Orion Office REIT Stock Performance

Shares of ONL opened at $2.40 on Monday. 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 business’s 50 day moving average is $2.17 and its two-hundred day moving average is $2.48. The firm has a market cap of $135.16 million, a price-to-earnings ratio of -0.98 and a beta of 1.40. Orion Office REIT has a 52-week low of $1.46 and a 52-week high of $4.25.

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

Institutional Investors Weigh In On Orion Office REIT

A number of institutional investors and hedge funds have recently modified their holdings of ONL. Private Management Group Inc. lifted its stake in Orion Office REIT by 0.5% during the second quarter. Private Management Group Inc. now owns 5,226,077 shares of the company’s stock valued at $11,132,000 after buying an additional 25,956 shares in the last quarter. Parkwood LLC acquired a new position in Orion Office REIT in the 2nd quarter worth approximately $4,132,000. RBF Capital LLC purchased a new position in Orion Office REIT during the 2nd quarter worth approximately $2,130,000. Arrowstreet Capital Limited Partnership grew its position in Orion Office REIT by 43.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company’s stock worth $2,095,000 after purchasing an additional 299,309 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in 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. 79.95% of the stock is owned by institutional investors and hedge funds.

Orion Office REIT Company Profile

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.