Orion Office REIT (NYSE:ONL) Now Covered by Jones Trading

Jones Trading began coverage on shares of Orion Office REIT (NYSE:ONL) in a research note released on Friday morning,Benzinga reports. The brokerage issued a hold rating on the stock.

ONL has been the subject of several other reports. Wall Street Zen lowered shares of Orion Office REIT from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Orion Office REIT Stock Down 3.9%

Shares of NYSE ONL opened at $2.11 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $2.24 and a 200-day moving average of $2.49. The firm has a market capitalization of $118.53 million, a price-to-earnings ratio of -0.86 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.

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

Orion Office REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Orion Office REIT’s dividend payout ratio (DPR) is presently -3.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ONL. Jacobs Levy Equity Management Inc. lifted its stake in shares of Orion Office REIT by 7.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 314,679 shares of the company’s stock valued at $673,000 after acquiring an additional 21,190 shares during the last quarter. Jane Street Group LLC increased its stake in Orion Office REIT by 112.6% in the 1st quarter. Jane Street Group LLC now owns 85,594 shares of the company’s stock worth $183,000 after purchasing an additional 45,341 shares during the period. Kawa Capital Management Inc bought a new stake in Orion Office REIT in the first quarter valued at approximately $5,180,000. CWM LLC boosted its stake in shares of Orion Office REIT by 42.8% during the second quarter. CWM LLC now owns 24,792 shares of the company’s stock valued at $53,000 after purchasing an additional 7,428 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Orion Office REIT in the second quarter worth approximately $296,000. 79.95% of the stock is owned by institutional investors.

About Orion Office REIT

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.