Orion Office REIT (NYSE:ONL) Issues Quarterly Earnings Results, Beats Estimates By $0.49 EPS

Key Points

• Orion Office REIT reported quarterly EPS of $0.42, beating the consensus estimate of a $0.07 loss by $0.49. Revenue was $34.30 million, slightly above expectations of $34.16 million.
• The company updated its fiscal 2026 EPS guidance to $0.72–$0.77, despite reporting a negative net margin of 98.36% and negative return on equity of 21.88%.
• Shares fell 2.1% to $2.60 following the results. Analysts maintain a consensus “Hold” rating with a $3.50 price target, while institutional investors own nearly 80% of the stock.

Orion Office REIT (NYSE:ONL - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.49, FiscalAI reports. Orion Office REIT had a negative net margin of 98.36% and a negative return on equity of 21.88%. The business had revenue of $34.30 million during the quarter, compared to analyst estimates of $34.16 million. Orion Office REIT updated its FY 2026 guidance to 0.720-0.770 EPS.

Orion Office REIT Trading Down 2.1%

Shares of NYSE ONL traded down $0.06 during trading on Thursday, reaching $2.60. The company had a trading volume of 361,694 shares, compared to its average volume of 216,169. The company's fifty day moving average price is $2.77 and its 200-day moving average price is $2.59. The stock has a market cap of $147.93 million, a P/E ratio of -1.02 and a beta of 1.57. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.81. Orion Office REIT has a 12 month low of $1.89 and a 12 month high of $3.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Orion Office REIT by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 613,061 shares of the company's stock worth $1,386,000 after purchasing an additional 4,666 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Orion Office REIT by 1.7% during the 2nd quarter. Raymond James Financial Inc. now owns 305,109 shares of the company's stock worth $650,000 after purchasing an additional 5,242 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Orion Office REIT by 63.1% during the second quarter. Tower Research Capital LLC TRC now owns 30,617 shares of the company's stock worth $65,000 after buying an additional 11,840 shares in the last quarter. Gabelli Funds LLC acquired a new stake in shares of Orion Office REIT in the second quarter valued at about $26,000. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Orion Office REIT in the second quarter worth about $30,000. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ONL has been the topic of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Orion Office REIT in a research report on Friday, July 17th. JonesTrading lifted their price objective on Orion Office REIT from $3.00 to $3.50 and gave the company a "buy" rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Orion Office REIT currently has a consensus rating of "Hold" and a consensus price target of $3.50.

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.

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