Orion Office REIT (NYSE:ONL) Shares Up 2% – Still a Buy?

Orion Office REIT Inc. (NYSE:ONL)’s stock price traded up 2% on Thursday . The company traded as high as $2.99 and last traded at $2.9390. 320,079 shares traded hands 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.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a research note on Tuesday, April 21st. JonesTrading increased their price objective on shares of Orion Office REIT from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.50.

Orion Office REIT Price Performance

The stock’s fifty day moving average is $2.63 and its 200-day moving average is $2.41. The stock has a market capitalization of $167.02 million, a PE ratio of -1.15 and a beta of 1.57. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.06 and a quick ratio of 3.06.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $34.41 million. Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Orion Office REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.08 dividend on an annualized basis and a yield of 2.7%. Orion Office REIT’s dividend payout ratio is -3.13%.

Institutional Trading of Orion Office REIT

Hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC purchased a new stake in Orion Office REIT during the second quarter worth $26,000. Evoke Wealth LLC purchased a new position in Orion Office REIT during the fourth quarter valued at $30,000. AXQ Capital LP purchased a new position in Orion Office REIT during the fourth quarter valued at $30,000. Hudson Bay Capital Management LP purchased a new position in Orion Office REIT during the second quarter valued at $30,000. Finally, SmartHarvest Portfolios LLC purchased a new position in Orion Office REIT during the fourth quarter valued at $35,000. 79.95% of the stock is owned by hedge funds and other 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.