Orion Office REIT (NYSE:ONL) Stock Falls 1.2% – What’s Next?

Orion Office REIT Inc. (NYSE:ONL)’s share price was down 1.2% on Thursday. The stock traded as low as $2.10 and last traded at $2.1350. 625,296 shares traded hands during trading, an increase of 71% from the average session volume of 365,672 shares. The stock had previously closed at $2.16.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $3.50.

Orion Office REIT Trading Up 1.6%

The business’s 50-day simple moving average is $2.50 and its 200-day simple moving average is $2.66. The company has a market cap of $124.17 million, a PE ratio of -1.29 and a beta of 1.59. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.68.

Orion Office REIT (NYSE:ONL) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.49. Orion Office REIT had a negative net margin of 65.66% and a negative return on equity of 14.85%. The business had revenue of $34.30 million for the quarter, compared to the consensus estimate of $34.16 million. Orion Office REIT has set its FY 2026 guidance at 0.720-0.770 EPS.

Orion Office REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.02 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.08 annualized dividend and a dividend yield of 3.7%. Orion Office REIT’s dividend payout ratio is -4.73%.

Institutional Investors Weigh In On Orion Office REIT

Several institutional investors and hedge funds have recently modified their holdings of ONL. Sax Wealth Advisors LLC acquired a new stake in shares of Orion Office REIT in the third quarter worth about $29,000. Renaissance Technologies LLC increased its holdings in shares of Orion Office REIT by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,706,100 shares of the company’s stock valued at $3,668,000 after acquiring an additional 20,300 shares during the last quarter. Dupree Financial Group LLC acquired a new position in shares of Orion Office REIT during the 3rd quarter valued at about $51,000. AXQ Capital LP bought a new position in shares of Orion Office REIT in the 2nd quarter valued at approximately $121,000. Finally, State Street Corp raised its stake in shares of Orion Office REIT by 141.2% in the 2nd quarter. State Street Corp now owns 573,274 shares of the company’s stock valued at $1,668,000 after acquiring an additional 335,600 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Orion Office REIT Company Profile

Orion Office REIT Inc (NYSE: ONL) is a real estate investment trust focused on owning and managing office properties. Its portfolio has primarily consisted of office buildings leased to single tenants, with an emphasis on properties occupied by creditworthy tenants and supported by long-term leases.

The company was formed through a 2021 spin-off from Realty Income Corporation. At the time of the separation, Orion Office REIT received a portfolio of office properties located across multiple U.S.