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

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

Orion Office REIT Stock Performance

Orion Office REIT stock traded up $0.23 during midday trading on Friday, reaching $2.83. The stock had a trading volume of 936,593 shares, compared to its average volume of 226,521. Orion Office REIT has a 12 month low of $1.89 and a 12 month high of $3.05. The firm’s 50-day moving average price is $2.77 and its 200 day moving average price is $2.59. The firm has a market capitalization of $160.66 million, a PE ratio of -1.67 and a beta of 1.57. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.81.

Orion Office REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.02 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.08 annualized dividend and a yield of 2.8%. Orion Office REIT’s dividend payout ratio (DPR) is -3.12%.

Analyst Ratings Changes

ONL has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a research note on Friday, July 17th. JonesTrading lifted their price target on shares of Orion Office REIT from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Orion Office REIT currently has a consensus rating of “Hold” and an average price target of $3.50.

Hedge Funds Weigh In On Orion Office REIT

Several large investors have recently modified their holdings of the business. J. Goldman & Co LP grew its holdings in Orion Office REIT by 141.9% during the 4th quarter. J. Goldman & Co LP now owns 2,158,925 shares of the company’s stock valued at $4,879,000 after buying an additional 1,266,263 shares in the last quarter. Jane Street Group LLC increased its position in shares of Orion Office REIT by 872.9% during the second quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock valued at $1,774,000 after buying an additional 747,127 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Orion Office REIT by 43.7% in 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 in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of Orion Office REIT by 197.6% in the third quarter. Susquehanna International Group LLP now owns 419,053 shares of the company’s stock worth $1,131,000 after buying an additional 278,244 shares in the last quarter. Finally, 683 Capital Management LLC bought a new position in shares of Orion Office REIT in the fourth quarter valued at approximately $470,000. Hedge funds and other institutional investors own 79.95% of the company’s stock.

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.