Orion Office REIT (NYSE:ONL) Upgraded by Jones Trading to “Buy” Rating

Orion Office REIT (NYSE:ONL) was upgraded by research analysts at Jones Trading from a “hold” rating to a “buy” rating in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a $3.00 price objective on the stock. Jones Trading’s target price suggests a potential upside of 44.58% from the stock’s previous close.

Several other equities research analysts also recently commented on ONL. Wall Street Zen upgraded shares of Orion Office REIT from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a research note on Thursday. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.00.

Orion Office REIT Stock Up 3.2%

NYSE:ONL opened at $2.08 on Monday. The stock has a 50-day simple moving average of $2.17 and a 200 day simple moving average of $2.48. Orion Office REIT has a one year low of $1.46 and a one year high of $4.25. The company has a market capitalization of $116.84 million, a price-to-earnings ratio of -0.85 and a beta of 1.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.37 and a current ratio of 2.37.

Orion Office REIT (NYSE:ONL) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) earnings per share (EPS) for the quarter. The business had revenue of $37.12 million during the quarter. Orion Office REIT had a negative return on equity of 18.73% and a negative net margin of 90.36%.Orion Office REIT has set its FY 2025 guidance at 0.740-0.760 EPS.

Hedge Funds Weigh In On Orion Office REIT

Institutional investors have recently made changes to their positions in the business. Private Management Group Inc. raised its stake in Orion Office REIT by 0.5% during the 2nd quarter. Private Management Group Inc. now owns 5,226,077 shares of the company’s stock valued at $11,132,000 after purchasing an additional 25,956 shares during the last quarter. Parkwood LLC acquired a new stake in shares of Orion Office REIT in the 2nd quarter valued at $4,132,000. RBF Capital LLC acquired a new stake in shares of Orion Office REIT in the 2nd quarter valued at about $2,130,000. Arrowstreet Capital Limited Partnership increased its position in Orion Office REIT by 43.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company’s stock worth $2,095,000 after buying an additional 299,309 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Orion Office REIT by 872.9% during the 2nd quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock worth $1,774,000 after purchasing an additional 747,127 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.