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 analysts’ consensus estimates of ($0.07) by $0.49, FiscalAI reports. The company had revenue of $34.30 million during the quarter, compared to analysts’ expectations of $34.16 million. Orion Office REIT had a negative net margin of 65.66% and a negative return on equity of 14.86%. Orion Office REIT updated its FY 2026 guidance to 0.720-0.770 EPS.

Orion Office REIT Stock Performance

Shares of ONL stock traded up $0.23 on Friday, hitting $2.83. The company’s stock had a trading volume of 936,593 shares, compared to its average volume of 226,521. 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 stock’s 50 day moving average is $2.77 and its 200-day moving average is $2.59. Orion Office REIT has a fifty-two week low of $1.89 and a fifty-two week high of $3.05. The company has a market capitalization of $160.66 million, a PE ratio of -1.67 and a beta of 1.57.

Orion Office REIT Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jane Street Group LLC raised its position in shares of Orion Office REIT by 112.6% in the first quarter. Jane Street Group LLC now owns 85,594 shares of the company’s stock valued at $183,000 after buying an additional 45,341 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 in the last quarter. Gabelli Funds LLC bought a new position in Orion Office REIT during the 2nd quarter worth $26,000. Qube Research & Technologies Ltd bought a new position in Orion Office REIT during the 2nd quarter worth $62,000. Finally, Raymond James Financial Inc. raised its holdings in Orion Office REIT by 1.7% in the 2nd quarter. Raymond James Financial Inc. now owns 305,109 shares of the company’s stock valued at $650,000 after acquiring an additional 5,242 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ONL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Orion Office REIT in a research note on Friday, July 17th. JonesTrading raised 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 report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Orion Office REIT has a consensus rating of “Hold” and an average 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.