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Reginald Harold Gilyard, a director at Orion Properties Inc. (NYSE:ONL), recently purchased 40,000 shares of the company’s common stock. The transaction, which took place on March 13, 2025, was executed at an average price of $2.3454 per share, amounting to a total investment of approximately $93,816. According to InvestingPro data, this purchase comes as the stock trades at notably low valuations, with a Price/Book ratio of just 0.18x and shows signs of being oversold. The purchase was carried out through multiple trades, with prices ranging from $2.30 to $2.39 per share. Following this acquisition, Gilyard’s direct ownership in Orion Properties increased to 109,647 shares. The stock has fallen about 40% over the past six months, though InvestingPro analysis indicates the shares are currently undervalued. Discover more insights and 12 additional ProTips about ONL with an InvestingPro subscription, including detailed insider trading analysis and comprehensive valuation metrics.
In other recent news, Orion Office Reit Inc. announced its fourth-quarter 2024 earnings, reporting a net loss of $103 million, or $1.84 per share, on total revenues of $38.4 million. Despite exceeding revenue forecasts of $37.1 million, the company continues to face financial challenges, as reflected in its net loss. Orion is undergoing a strategic shift toward "Dedicated Use Assets" such as medical and lab facilities, aiming to stabilize its tenant base. The company managed to lease 1.1 million square feet in 2024, a significant increase from the previous year, indicating positive leasing momentum.
Orion’s CEO, Paul McDowell, expressed optimism about the company’s transformation, while CFO Gavin Brandon noted expectations of revenue and core FFO declines bottoming in 2025 and 2026. The company projects its Core FFO for 2025 to be between $0.61 and $0.70 per share, with flat to modest growth anticipated starting in 2027. Orion’s strategic pivot has been accompanied by a rebranding to Orion Properties, reflecting its focus on specialized assets. As part of its ongoing strategy, Orion plans to sell traditional office properties and add more dedicated use assets to its portfolio.
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