OR Royalties Inc. (NYSE:OR) Receives Average Rating of “Moderate Buy” from Analysts

OR Royalties Inc. (NYSE:OR) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.50.

A number of analysts recently issued reports on the stock. Wall Street Zen lowered shares of OR Royalties from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Zacks Research lowered shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada restated an “outperform” rating and set a $56.00 target price on shares of OR Royalties in a research report on Friday, April 10th. TD Securities restated a “hold” rating on shares of OR Royalties in a research report on Monday, February 23rd. Finally, Scotiabank raised their target price on shares of OR Royalties from $41.00 to $51.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th.

OR Royalties Stock Performance

Shares of NYSE OR opened at $36.17 on Tuesday. OR Royalties has a 1 year low of $23.37 and a 1 year high of $48.06. The firm’s 50 day moving average price is $38.85 and its 200 day moving average price is $38.36. The firm has a market cap of $6.78 billion, a P/E ratio of 26.99 and a beta of 0.71.

OR Royalties (NYSE:OR) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. OR Royalties had a net margin of 78.09% and a return on equity of 15.10%. The firm had revenue of $102.83 million for the quarter, compared to analyst estimates of $103.27 million. As a group, equities analysts predict that OR Royalties will post 1.4 EPS for the current year.

OR Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. This is an increase from OR Royalties’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, June 30th. OR Royalties’s dividend payout ratio (DPR) is 16.42%.

Institutional Trading of OR Royalties

Hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of OR Royalties in the 1st quarter valued at $28,000. FIL Ltd acquired a new position in shares of OR Royalties in the 4th quarter valued at $29,000. Assetmark Inc. acquired a new position in shares of OR Royalties in the 4th quarter valued at $36,000. Banque Cantonale Vaudoise acquired a new position in shares of OR Royalties in the 1st quarter valued at $37,000. Finally, Caitlin John LLC acquired a new position in shares of OR Royalties in the 3rd quarter valued at $78,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

About OR Royalties

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.