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

Key Points

• JonesTrading raised its price target on Orion Office REIT from $3.00 to $3.50 and kept a buy rating, implying about 21% upside from the current share price.
• The stock traded at $2.89 on Friday, near its 52-week high of $3.05, while the broader analyst view remains mixed with a consensus Hold rating and a $3.50 target.
• In its latest quarter, Orion Office REIT missed EPS estimates but posted revenue above expectations; it also guided FY 2026 EPS at 0.69 to 0.76.

Orion Office REIT (NYSE:ONL - Get Free Report) had its price target boosted by analysts at JonesTrading from $3.00 to $3.50 in a report released on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. JonesTrading's price objective suggests a potential upside of 21.32% from the stock's current price.

ONL has been the topic of a number of other reports. Wall Street Zen raised Orion Office REIT from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Orion Office REIT in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Orion Office REIT presently has a consensus rating of "Hold" and a consensus target price of $3.50.

Orion Office REIT Stock Performance

Shares of NYSE:ONL traded up $0.05 during midday trading on Friday, reaching $2.89. 469,943 shares of the company's stock traded hands, compared to its average volume of 309,525. The stock has a 50 day moving average of $2.39 and a 200 day moving average of $2.35. The company has a market cap of $163.95 million, a price-to-earnings ratio of -1.16 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 one year low of $1.63 and a one 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 for the quarter, missing the consensus estimate of ($0.12) by ($0.12). The firm had revenue of $36.27 million for the quarter, compared to the consensus estimate 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 Trading of Orion Office REIT

A number of large investors have recently modified their holdings of ONL. Jane Street Group LLC boosted its holdings in shares of Orion Office REIT by 112.6% in the first quarter. Jane Street Group LLC now owns 85,594 shares of the company's stock valued at $183,000 after purchasing an additional 45,341 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Orion Office REIT by 43.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 983,664 shares of the company's stock worth $2,095,000 after buying an additional 299,309 shares in the last quarter. Gabelli Funds LLC bought a new position in Orion Office REIT in the second quarter worth approximately $26,000. Qube Research & Technologies Ltd bought a new position in Orion Office REIT in the second quarter worth approximately $62,000. Finally, Raymond James Financial Inc. raised 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 worth $650,000 after buying an additional 5,242 shares in the last quarter. Hedge funds and other institutional investors own 79.95% of the company's stock.

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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