Orion Office REIT (NYSE:ONL) Stock Breaks Above 50-Day Moving Average – What’s Next?

Orion Office REIT Inc. (NYSE:ONL) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $2.48 and traded as high as $2.51. Orion Office REIT shares last traded at $2.4950, with a volume of 753,753 shares.

Wall Street Analyst Weigh In

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

Orion Office REIT Trading Up 10.9%

The firm has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.55. The stock has a market capitalization of $141.79 million, a PE ratio of -1.48 and a beta of 1.59.

Orion Office REIT (NYSE:ONL) last posted its earnings results on Thursday, August 6th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.49. The firm had revenue of $34.30 million for the quarter, compared to analysts’ expectations 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 company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a $0.02 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.2%. Orion Office REIT’s dividend payout ratio (DPR) is currently -4.73%.

Institutional Investors Weigh In On Orion Office REIT

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sax Wealth Advisors LLC purchased a new stake in shares of Orion Office REIT in the 3rd quarter worth about $29,000. Renaissance Technologies LLC increased its holdings in 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 in the last quarter. Dupree Financial Group LLC purchased a new position in Orion Office REIT during the 3rd quarter valued at about $51,000. AXQ Capital LP acquired a new position in Orion Office REIT during the second quarter worth about $121,000. Finally, State Street Corp raised its position in Orion Office REIT by 141.2% during the second quarter. State Street Corp now owns 573,274 shares of the company’s stock worth $1,668,000 after acquiring an additional 335,600 shares during the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

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.