Orion Office REIT (NYSE:ONL) Issues Earnings Results

Orion Office REIT (NYSE:ONL) issued its earnings results on Thursday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12), FiscalAI reports. Orion Office REIT had a negative net margin of 98.36% and a negative return on equity of 21.38%. The business had revenue of $36.27 million during the quarter, compared to the consensus estimate of $34.41 million. Orion Office REIT updated its FY 2026 guidance to 0.690-0.76 EPS.

Orion Office REIT Stock Up 1.6%

Shares of ONL traded up $0.05 on Friday, hitting $2.89. The company’s stock had a trading volume of 469,943 shares, compared to its average volume of 332,719. The firm’s fifty day moving average price is $2.39 and its 200-day moving average price is $2.35. Orion Office REIT has a fifty-two week low of $1.63 and a fifty-two week high of $3.05. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $163.95 million, a price-to-earnings ratio of -1.13 and a beta of 1.57.

Orion Office REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.02 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.08 annualized dividend and a dividend yield of 2.8%. Orion Office REIT’s payout ratio is currently -3.13%.

Trending Headlines about Orion Office REIT

Here are the key news stories impacting Orion Office REIT this week:

• Positive Sentiment: JonesTrading raised its price target on Orion Office REIT to $3.50 from $3.00 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga report
• Positive Sentiment: The company announced a quarterly dividend of $0.02 per share, reinforcing its income appeal for REIT investors. Business Wire results release
• Neutral Sentiment: Orion Office REIT issued FY 2026 EPS guidance of $0.69 to $0.76, which gives investors a clearer outlook but does not by itself signal a major surprise. Business Wire results release
• Negative Sentiment: First-quarter EPS came in at ($0.24), missing analyst expectations of ($0.12), highlighting ongoing profitability pressure. Business Wire results release

Wall Street Analysts Forecast Growth

A number of analysts have commented on ONL shares. JonesTrading lifted their target price on shares of Orion Office REIT from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday. Wall Street Zen upgraded Orion Office REIT from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $3.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its holdings in shares of Orion Office REIT by 112.6% during the first quarter. Jane Street Group LLC now owns 85,594 shares of the company’s stock worth $183,000 after acquiring an additional 45,341 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings 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. Gabelli Funds LLC bought a new position in Orion Office REIT during the 2nd quarter worth about $26,000. Qube Research & Technologies Ltd bought a new position in Orion Office REIT during the 2nd quarter worth about $62,000. Finally, Raymond James Financial Inc. boosted its position in shares of Orion Office REIT by 1.7% during the second quarter. Raymond James Financial Inc. now owns 305,109 shares of the company’s stock worth $650,000 after buying an additional 5,242 shares during the period. Institutional investors and hedge funds 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.