Orion Office REIT (NYSE:ONL) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Orion Office REIT (NYSE:ONL) issued its earnings results on Thursday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12), FiscalAI reports. The business had revenue of $36.27 million during the quarter, compared to the consensus estimate of $34.41 million. Orion Office REIT had a negative net margin of 98.36% and a negative return on equity of 21.38%. Orion Office REIT updated its FY 2026 guidance to 0.690-0.76 EPS.

Orion Office REIT Trading Up 1.6%

Orion Office REIT stock traded up $0.05 during midday trading on Friday, hitting $2.89. 469,943 shares of the stock were exchanged, compared to its average volume of 332,719. The company has a fifty day simple moving average of $2.39 and a two-hundred day simple moving average of $2.35. Orion Office REIT has a 52 week low of $1.63 and a 52 week high of $3.05. The stock has a market capitalization of $163.95 million, a PE ratio of 3.65 and a beta of 1.57. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.74.

Orion Office REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.08 annualized dividend and a yield of 2.8%. Orion Office REIT’s dividend payout ratio (DPR) is presently -3.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in Orion Office REIT by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 613,061 shares of the company’s stock worth $1,386,000 after acquiring an additional 4,666 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Orion Office REIT by 1.7% in the second quarter. Raymond James Financial Inc. now owns 305,109 shares of the company’s stock valued at $650,000 after buying an additional 5,242 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Orion Office REIT by 63.1% in the second quarter. Tower Research Capital LLC TRC now owns 30,617 shares of the company’s stock valued at $65,000 after buying an additional 11,840 shares in the last quarter. Gabelli Funds LLC bought a new position in Orion Office REIT in the second quarter valued at approximately $26,000. Finally, Hudson Bay Capital Management LP bought a new position in Orion Office REIT in the second quarter valued at approximately $30,000. Institutional investors own 79.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ONL. Wall Street Zen raised shares of Orion Office REIT from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research note on Tuesday, April 21st. Finally, JonesTrading raised their target price on shares of Orion Office REIT from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $3.50.

Key Orion Office REIT News

Here are the key news stories impacting Orion Office REIT this week:

• Positive Sentiment: JonesTrading raised its price target on Orion Office REIT to $3.50 from $3.00 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga report
• Positive Sentiment: The company announced a quarterly dividend of $0.02 per share, reinforcing its income appeal for REIT investors. Business Wire results release
• Neutral Sentiment: Orion Office REIT issued FY 2026 EPS guidance of $0.69 to $0.76, which gives investors a clearer outlook but does not by itself signal a major surprise. Business Wire results release
• Negative Sentiment: First-quarter EPS came in at ($0.24), missing analyst expectations of ($0.12), highlighting ongoing profitability pressure. Business Wire results release

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.