Orion Office REIT (NYSE:ONL) Issues FY 2026 Earnings Guidance

Key Points

• FY 2026 guidance: Orion Office REIT set EPS guidance of 0.690–0.76 for fiscal 2026.
• Quarterly results: The company reported Q results of ($0.24) EPS, missing the ($0.12) consensus while beating revenue estimates with $36.27 million; it also showed a negative net margin (94.35%) and negative ROE (20.13%).
• Market and analyst snapshot: Shares traded at $2.84 (market cap $161.1M) with an average analyst price target of $3.00 and mixed ratings (1 Buy, 1 Hold, 1 Sell); the company pays a $0.02 quarterly dividend (≈2.8% yield).

Orion Office REIT (NYSE:ONL - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.690-0.76 for the period. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Orion Office REIT in a report on Tuesday, April 21st. Wall Street Zen upgraded Orion Office REIT from a "sell" rating to a "hold" rating in a research report on Saturday, January 10th. Finally, JonesTrading raised Orion Office REIT from a "hold" rating to a "buy" rating and set a $3.00 target price for the company in a research note on Monday, January 26th. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $3.00.

Orion Office REIT Stock Down 2.2%

NYSE ONL traded down $0.07 on Thursday, reaching $2.84. The company had a trading volume of 323,835 shares, compared to its average volume of 307,675. The company's fifty day moving average is $2.39 and its 200-day moving average is $2.34. The firm has a market capitalization of $161.11 million, a price-to-earnings ratio of -1.14 and a beta of 1.57. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.39 and a current ratio of 2.39. Orion Office REIT has a 1-year low of $1.63 and a 1-year high of $3.05.

Orion Office REIT (NYSE:ONL - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The firm had revenue of $36.27 million during the quarter, compared to analyst estimates 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.

Orion Office REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.02 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $0.08 annualized dividend and a yield of 2.8%. Orion Office REIT's payout ratio is presently -3.21%.

Institutional Trading of Orion Office REIT

Hedge funds and other institutional investors have recently made changes to their positions in the business. J. Goldman & Co LP lifted its holdings in shares of Orion Office REIT by 141.9% in the fourth 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 during the last quarter. Jane Street Group LLC grew its holdings in shares of Orion Office REIT by 872.9% during the 2nd quarter. Jane Street Group LLC now owns 832,721 shares of the company's stock valued at $1,774,000 after purchasing an additional 747,127 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Orion Office REIT by 43.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company's stock worth $2,095,000 after purchasing an additional 299,309 shares in the last quarter. Susquehanna International Group LLP lifted its stake in Orion Office REIT by 197.6% in the 3rd quarter. Susquehanna International Group LLP now owns 419,053 shares of the company's stock valued at $1,131,000 after purchasing an additional 278,244 shares during the last quarter. Finally, 683 Capital Management LLC bought a new position in Orion Office REIT in the 4th quarter valued at approximately $470,000. 79.95% of the stock is currently owned by institutional investors and hedge funds.

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.

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