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

Key Points

• Orion Office REIT shares rose 10.9% and moved above their 50-day moving average, trading near $2.50 versus a consensus analyst target of $3.50.
• Analyst sentiment remains mixed: one analyst rates the stock Buy and another Sell, resulting in a consensus rating of Hold; Weiss Ratings reiterated a “sell (D-)” assessment.
• The company reported quarterly EPS of $0.42, substantially above the $0.07 loss analysts expected, and pays a quarterly dividend of $0.02 per share, representing a 3.2% annualized yield.

Orion Office REIT Inc. (NYSE:ONL - Get Free Report) 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.

Analysts Set New Price Targets

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

Orion Office REIT Stock Up 10.9%

The stock has a market capitalization of $141.79 million, a PE ratio of -1.48 and a beta of 1.59. The firm's fifty day moving average is $2.48 and its 200-day moving average is $2.55.

Orion Office REIT (NYSE:ONL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.49. The business had revenue of $34.30 million during 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Orion Office REIT's dividend payout ratio is currently -4.73%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Sax Wealth Advisors LLC acquired a new stake in Orion Office REIT in the third quarter valued at $29,000. Dupree Financial Group LLC acquired a new position in shares of Orion Office REIT during the 3rd quarter worth $51,000. AXQ Capital LP purchased a new position in shares of Orion Office REIT in the 2nd quarter valued at about $121,000. State Street Corp increased its holdings in shares of Orion Office REIT by 141.2% in the 2nd quarter. State Street Corp now owns 573,274 shares of the company's stock valued at $1,668,000 after purchasing an additional 335,600 shares in the last quarter. Finally, Rangeley Capital LLC purchased a new position in shares of Orion Office REIT in the 1st quarter valued at about $1,967,000. Hedge funds and other institutional investors own 79.95% of the company's stock.

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.

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