Orion Office REIT (NYSE:ONL) Stock Price Down 3.7% – Time to Sell?

Shares of Orion Office REIT Inc. (NYSE:ONL) traded down 3.7% during mid-day trading on Friday . The company traded as low as $1.93 and last traded at $1.9450. 546,360 shares changed hands during trading, an increase of 72% from the average session volume of 317,243 shares. The stock had previously closed at $2.02.

Wall Street Analyst Weigh In

ONL has been the subject of a number of analyst reports. Wall Street Zen raised Orion Office REIT from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. JonesTrading upgraded Orion Office REIT from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Orion Office REIT currently has an average rating of “Hold” and a consensus price target of $3.00.

Orion Office REIT Stock Down 3.7%

The stock’s fifty day moving average is $2.37 and its two-hundred day moving average is $2.40. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.74. The firm has a market cap of $110.53 million, a P/E ratio of -0.78 and a beta of 1.37.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings results on Thursday, March 5th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.51). The firm had revenue of $35.22 million during the quarter, compared to the consensus estimate of $36.18 million. Orion Office REIT had a negative net margin of 94.35% and a negative return on equity of 20.13%. Orion Office REIT has set its FY 2026 guidance at 0.690-0.760 EPS.

Orion Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.08 annualized dividend and a yield of 4.1%. Orion Office REIT’s dividend payout ratio (DPR) is currently -3.21%.

Hedge Funds Weigh In On Orion Office REIT

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of Orion Office REIT by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 613,061 shares of the company’s stock valued at $1,386,000 after acquiring an additional 4,666 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Orion Office REIT by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 305,109 shares of the company’s stock valued at $650,000 after acquiring an additional 5,242 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Orion Office REIT by 72.1% during the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock worth $29,000 after purchasing an additional 5,741 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Orion Office REIT by 1.4% during the fourth quarter. GSA Capital Partners LLP now owns 551,210 shares of the company’s stock worth $1,246,000 after purchasing an additional 7,779 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Orion Office REIT by 63.1% in the second quarter. Tower Research Capital LLC TRC now owns 30,617 shares of the company’s stock worth $65,000 after purchasing an additional 11,840 shares during the last quarter. 79.95% of the stock is currently owned by institutional investors.

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.