Orion Office REIT (NYSE:ONL) Updates FY 2026 Earnings Guidance

Orion Office REIT (NYSE:ONL) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.690-0.76 for the period. The company issued revenue guidance of -.

Orion Office REIT Trading Up 1.6%

Shares of ONL stock opened at $2.89 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.39 and a current ratio of 2.39. The stock has a market capitalization of $163.95 million, a P/E ratio of -1.13 and a beta of 1.57. The company has a 50 day moving average price of $2.39 and a 200 day moving average price of $2.35. Orion Office REIT has a fifty-two week low of $1.63 and a fifty-two week high of $3.05.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.12). The business had revenue of $36.27 million during the quarter, compared to analyst estimates of $34.41 million. Orion Office REIT had a negative net margin of 98.36% and a negative return on equity of 21.38%. Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

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 issued a $0.02 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.8%. Orion Office REIT’s payout ratio is -3.13%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ONL shares. Weiss Ratings restated a “sell (d-)” rating on shares of Orion Office REIT in a report on Tuesday, April 21st. JonesTrading lifted their price objective on shares of Orion Office REIT from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday. Finally, Wall Street Zen upgraded shares of Orion Office REIT from a “sell” rating to a “hold” rating in a research note 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.50.

Key Stories Impacting 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

Institutional Trading of Orion Office REIT

A number of large investors have recently made changes to their positions in the company. 683 Capital Management LLC purchased a new stake in shares of Orion Office REIT during the fourth quarter worth approximately $470,000. J. Goldman & Co LP increased its stake in Orion Office REIT by 141.9% in the fourth quarter. J. Goldman & Co LP now owns 2,158,925 shares of the company’s stock valued at $4,879,000 after purchasing an additional 1,266,263 shares during the last quarter. Jain Global LLC purchased a new position in Orion Office REIT in the fourth quarter valued at approximately $49,000. Public Employees Retirement System of Ohio increased its stake in Orion Office REIT by 80.7% in the fourth quarter. Public Employees Retirement System of Ohio now owns 40,595 shares of the company’s stock valued at $92,000 after purchasing an additional 18,134 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Orion Office REIT in the fourth quarter valued at approximately $132,000. 79.95% of the stock is currently 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.