Orion Office REIT (NYSE:ONL) Releases Quarterly Earnings Results, Beats Estimates By $0.49 EPS

Orion Office REIT (NYSE:ONL) posted its earnings results on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.49, FiscalAI reports. The company had revenue of $34.30 million during the quarter, compared to analyst estimates of $34.16 million. Orion Office REIT had a negative return on equity of 14.86% and a negative net margin of 65.66%. Orion Office REIT updated its FY 2026 guidance to 0.720-0.770 EPS.

Orion Office REIT Stock Performance

Shares of ONL opened at $2.83 on Friday. The firm has a market cap of $160.66 million, a P/E ratio of -1.67 and a beta of 1.57. Orion Office REIT has a twelve month low of $1.89 and a twelve month high of $3.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.06 and a current ratio of 3.06. The firm’s 50 day moving average price is $2.77 and its two-hundred day moving average price is $2.59.

Orion Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.08 dividend on an annualized basis and a yield of 2.8%. Orion Office REIT’s payout ratio is presently -3.12%.

Institutional Investors Weigh In On Orion Office REIT

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC boosted its stake in Orion Office REIT by 112.6% in the 1st quarter. Jane Street Group LLC now owns 85,594 shares of the company’s stock worth $183,000 after purchasing an additional 45,341 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Orion Office REIT by 43.7% in the 2nd 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. Gabelli Funds LLC acquired a new stake in shares of Orion Office REIT in the 2nd quarter valued at about $26,000. Qube Research & Technologies Ltd bought a new stake in shares of Orion Office REIT in the second quarter valued at about $62,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Orion Office REIT by 1.7% in the second quarter. Raymond James Financial Inc. now owns 305,109 shares of the company’s stock valued at $650,000 after purchasing an additional 5,242 shares in the last quarter. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ONL. JonesTrading lifted 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.50.

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.