Orion Office REIT (NYSE:ONL) Rating Increased to Buy at Jones Trading

Jones Trading upgraded shares of Orion Office REIT (NYSE:ONL) from a hold rating to a buy rating in a research report sent to investors on Monday,Benzinga reports. They currently have $3.00 price target on the stock.

ONL has been the subject of several other reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a report on Thursday. Wall Street Zen upgraded shares of Orion Office REIT from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $3.00.

Orion Office REIT Stock Up 19.8%

Shares of ONL stock opened at $2.41 on Monday. Orion Office REIT has a fifty-two week low of $1.46 and a fifty-two week high of $4.25. The stock’s 50-day simple moving average is $2.17 and its 200-day simple moving average is $2.48. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.37 and a current ratio of 2.37. The firm has a market capitalization of $135.59 million, a PE ratio of -0.99 and a beta of 1.40.

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

Orion Office REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.02 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.08 dividend on an annualized basis and a yield of 3.3%. Orion Office REIT’s payout ratio is currently -3.28%.

Hedge Funds Weigh In On Orion Office REIT

Several hedge funds have recently made changes to their positions in ONL. Gabelli Funds LLC purchased a new stake in shares of Orion Office REIT in the second quarter valued at about $26,000. PNC Financial Services Group Inc. increased its stake in Orion Office REIT by 72.1% in the second quarter. PNC Financial Services Group Inc. now owns 13,703 shares of the company’s stock valued at $29,000 after purchasing an additional 5,741 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Orion Office REIT in the 2nd quarter valued at $30,000. Catalyst Funds Management Pty Ltd acquired a new position in shares of Orion Office REIT in the 2nd quarter valued at about $48,000. Finally, Quadrature Capital Ltd purchased a new stake in Orion Office REIT during the 2nd quarter worth $50,000. 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.