Orion Office REIT (NYSE:ONL) Upgraded at Jones Trading

Orion Office REIT (NYSE:ONL) was upgraded by research analysts at Jones Trading from a “hold” rating to a “buy” rating in a research report issued on Monday,Benzinga reports. The firm presently has a $3.00 price target on the stock. Jones Trading’s price objective indicates a potential upside of 44.58% from the company’s current price.

Several other research analysts have also issued reports on ONL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research report on Thursday. Wall Street Zen raised Orion Office REIT from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.00.

Orion Office REIT Price Performance

Shares of ONL opened at $2.08 on Monday. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.73. The stock has a market cap of $116.84 million, a PE ratio of -0.85 and a beta of 1.40. Orion Office REIT has a 12-month low of $1.46 and a 12-month high of $4.25. The business has a 50-day simple moving average of $2.17 and a two-hundred day simple moving average of $2.48.

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

Institutional Investors Weigh In On Orion Office REIT

A number of institutional investors and hedge funds have recently made changes to their positions in ONL. Private Management Group Inc. lifted its stake in Orion Office REIT by 0.5% during the second quarter. Private Management Group Inc. now owns 5,226,077 shares of the company’s stock worth $11,132,000 after purchasing an additional 25,956 shares during the last quarter. Parkwood LLC purchased a new position in shares of Orion Office REIT during the 2nd quarter valued at about $4,132,000. RBF Capital LLC bought a new stake in Orion Office REIT in the 2nd quarter worth approximately $2,130,000. Arrowstreet Capital Limited Partnership boosted its stake in 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. Finally, Jane Street Group LLC boosted its stake in Orion Office REIT by 872.9% in the second quarter. Jane Street Group LLC now owns 832,721 shares of the company’s stock worth $1,774,000 after buying an additional 747,127 shares in the last quarter. 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.