Wall Street Zen Downgrades Orion Office REIT (NYSE:ONL) to Sell

Orion Office REIT (NYSE:ONL) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Orion Office REIT presently has a consensus rating of “Reduce”.

Orion Office REIT Stock Down 1.9%

Shares of Orion Office REIT stock opened at $2.07 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.37 and a quick ratio of 2.37. Orion Office REIT has a 1-year low of $1.46 and a 1-year high of $4.25. The business’s fifty day moving average price is $2.45 and its two-hundred day moving average price is $2.45. The company has a market capitalization of $116.51 million, a P/E ratio of -0.85 and a beta of 1.41.

Orion Office REIT (NYSE:ONL) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($1.23) EPS for the quarter. Orion Office REIT had a negative net margin of 90.36% and a negative return on equity of 18.73%. The business 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 Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in shares of Orion Office REIT in the 1st quarter worth $357,000. Kawa Capital Management Inc purchased a new stake in shares of Orion Office REIT during the first quarter valued at $5,180,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Orion Office REIT in the 2nd quarter valued at $296,000. Bank of Montreal Can acquired a new position in shares of Orion Office REIT in the 2nd quarter valued at $86,000. Finally, Samalin Investment Counsel LLC increased its stake in Orion Office REIT by 122.0% in the 2nd quarter. Samalin Investment Counsel LLC now owns 294,306 shares of the company’s stock worth $627,000 after purchasing an additional 161,751 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

About Orion Office REIT

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants.