Orion Properties

ONL · NYSE

$2.04+$0.08 (+4.08%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $1.96

ONL analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 2 analysts

Average $3.57 (+75.0% upside)

Low: $3.54
Now: $2.04
High: $3.67

Upgrades and downgrades

The latest rating actions, newest first

ONL analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Jones Trading	May 8, 2026	Maintains	Buy	$3.00 → $3.50	26%
Jones Trading	Jan 26, 2026	Upgrade	Hold → Buy	$3.00	26%
Jones Trading	Jan 9, 2026	Initiates	Hold	—	26%

The case for and against

Updated Jul 14, 2026

Bull case

Orion Properties is a well-diversified REIT with a strong focus on specialized use assets. The company's sale of additional properties and potential short-term extension and restructuring of its mortgage notes demonstrate its proactive approach to managing financial risks. However, changes in workplace practices and reliance on rental revenue from single tenants may create uncertainty in the company's future earnings. Investors should keep an eye on the upcoming earnings release and monitor any fluctuations in interest rates, which may impact the company's leverage strategy.

Bear case

Orion Properties is heavily reliant on single-tenant net leases and has a high concentration of traditional office properties in its portfolio, with limited diversification into more specialized assets. The company has a considerable amount of upcoming debt maturities and may struggle to refinance or extend its credit facility without significant dilution to shareholders. Their reliance on a few major tenants and counterparty risk also poses a potential threat to their financial stability. The recent announcement of a strategic review process and cooperation agreement with a major shareholder could potentially lead to a stronger offer or sale of the company, but there are still risks and uncertainties involved. Overall, the current state of the company and its potential future outcomes lead to a negative outlook for Orion Properties's stock.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.