Orion Office REIT (NYSE:ONL) Price Target Raised to $3.50 at JonesTrading

Orion Office REIT (NYSE:ONL) had its price objective increased by equities research analysts at JonesTrading from $3.00 to $3.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. JonesTrading’s price target would suggest a potential upside of 21.32% from the company’s current price.

A number of other brokerages have also weighed in on ONL. Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a report on Tuesday, April 21st. Wall Street Zen raised shares of Orion Office REIT from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $3.50.

Orion Office REIT Stock Performance

Shares of ONL traded up $0.05 during trading hours on Friday, reaching $2.89. 469,943 shares of the company traded hands, compared to its average volume of 309,525. The stock has a market capitalization of $163.95 million, a P/E ratio of -1.16 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 has a 12-month low of $1.63 and a 12-month high of $3.05. The business has a fifty day moving average price of $2.39 and a 200-day moving average price of $2.35.

Orion Office REIT (NYSE:ONL) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.12). The company had revenue of $36.27 million for the quarter, compared to analysts’ expectations of $34.41 million. Orion Office REIT had a negative net margin of 94.35% and a negative return on equity of 20.13%. Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Institutional Investors Weigh In On Orion Office REIT

Several hedge funds have recently added to or reduced their stakes in ONL. 683 Capital Management LLC purchased a new stake in shares of Orion Office REIT during the 4th quarter worth about $470,000. J. Goldman & Co LP boosted its stake in shares of Orion Office REIT by 141.9% during the 4th quarter. J. Goldman & Co LP now owns 2,158,925 shares of the company’s stock worth $4,879,000 after acquiring an additional 1,266,263 shares in the last quarter. Jain Global LLC purchased a new stake in shares of Orion Office REIT during the 4th quarter worth about $49,000. Public Employees Retirement System of Ohio boosted its stake in shares of Orion Office REIT by 80.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 40,595 shares of the company’s stock worth $92,000 after acquiring an additional 18,134 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Orion Office REIT during the 4th quarter worth about $132,000. 79.95% of the stock is owned by hedge funds and other institutional investors.

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.