Orion Office REIT (NYSE:ONL) Announces Earnings Results, Misses Estimates By $0.12 EPS

Orion Office REIT (NYSE:ONL) announced its quarterly earnings data on Thursday. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.12), FiscalAI reports. Orion Office REIT had a negative return on equity of 21.38% and a negative net margin of 98.36%.The business had revenue of $36.27 million for the quarter, compared to analyst estimates of $34.41 million. Orion Office REIT updated its FY 2026 guidance to 0.690-0.76 EPS.

Orion Office REIT Price Performance

Shares of ONL stock traded up $0.05 during mid-day trading on Friday, reaching $2.89. The stock had a trading volume of 469,943 shares, compared to its average volume of 332,719. The company has a market cap of $163.95 million, a P/E ratio of 3.65 and a beta of 1.57. The company has a current ratio of 2.39, a quick 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 50-day simple moving average of $2.39 and a 200 day simple moving average of $2.35.

Orion Office REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.02 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.8%. Orion Office REIT’s dividend payout ratio (DPR) is currently -3.13%.

Institutional Investors Weigh In On Orion Office REIT

A number of large investors have recently added to or reduced their stakes in ONL. Gabelli Funds LLC purchased a new position in shares of Orion Office REIT during the 2nd quarter worth approximately $26,000. Hudson Bay Capital Management LP purchased a new stake in Orion Office REIT in the 2nd quarter valued at approximately $30,000. SmartHarvest Portfolios LLC acquired a new stake in Orion Office REIT during the 4th quarter valued at $35,000. Jain Global LLC purchased a new position in Orion Office REIT during the fourth quarter worth $49,000. Finally, Algert Global LLC purchased a new position in Orion Office REIT during the third quarter worth $67,000. 79.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ONL has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Orion Office REIT from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. JonesTrading raised their price objective on shares of Orion Office REIT from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Orion Office REIT in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Orion Office REIT currently has an average rating of “Hold” and an average price target of $3.50.

Trending Headlines about Orion Office REIT

Here are the key news stories impacting Orion Office REIT this week:

• Positive Sentiment: JonesTrading raised its price target on Orion Office REIT to $3.50 from $3.00 and reiterated a buy rating, implying meaningful upside from current levels. Benzinga report
• Positive Sentiment: The company announced a quarterly dividend of $0.02 per share, reinforcing its income appeal for REIT investors. Business Wire results release
• Neutral Sentiment: Orion Office REIT issued FY 2026 EPS guidance of $0.69 to $0.76, which gives investors a clearer outlook but does not by itself signal a major surprise. Business Wire results release
• Negative Sentiment: First-quarter EPS came in at ($0.24), missing analyst expectations of ($0.12), highlighting ongoing profitability pressure. Business Wire results release

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.