Rangeley Capital LLC Invests $1.97 Million in Orion Office REIT Inc. $ONL

Rangeley Capital LLC purchased a new stake in shares of Orion Office REIT Inc. (NYSE:ONL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 915,000 shares of the company’s stock, valued at approximately $1,967,000. Orion Office REIT accounts for about 1.8% of Rangeley Capital LLC’s portfolio, making the stock its 15th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Gabelli Funds LLC acquired a new stake in Orion Office REIT in the second quarter worth about $26,000. AXQ Capital LP acquired a new position in Orion Office REIT during the 4th quarter valued at about $30,000. Evoke Wealth LLC acquired a new position in Orion Office REIT during the 4th quarter valued at about $30,000. Hudson Bay Capital Management LP bought a new position in shares of Orion Office REIT in the 2nd quarter valued at about $30,000. Finally, SmartHarvest Portfolios LLC bought a new position in shares of Orion Office REIT in the 4th quarter valued at about $35,000. Institutional investors own 79.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ONL. JonesTrading boosted their price target on shares of Orion Office REIT from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Orion Office REIT in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Orion Office REIT currently has a consensus rating of “Hold” and a consensus price target of $3.50.

Orion Office REIT Trading Down 0.1%

NYSE ONL opened at $2.60 on Monday. The stock has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $2.56. The company has a market capitalization of $147.64 million, a PE ratio of -1.01 and a beta of 1.56. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.81. Orion Office REIT Inc. has a 12 month low of $1.89 and a 12 month high of $3.05.

Orion Office REIT (NYSE:ONL) last issued its earnings results on Thursday, May 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.12). The company had revenue of $36.27 million for the quarter, compared to the consensus estimate of $34.41 million. Orion Office REIT had a negative return on equity of 21.88% and a negative net margin of 98.36%.Orion Office REIT has set its FY 2026 guidance at 0.690-0.76 EPS.

Orion Office REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Orion Office REIT’s dividend payout ratio (DPR) is currently -3.12%.

Orion Office REIT 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.