Fiera Capital Corp Sells 33,071 Shares of OR Royalties Inc. $OR

Fiera Capital Corp lowered its stake in shares of OR Royalties Inc. (NYSE:OR) by 8.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 349,922 shares of the basic materials company’s stock after selling 33,071 shares during the quarter. Fiera Capital Corp’s holdings in OR Royalties were worth $12,399,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in OR Royalties by 20.5% during the third quarter. Van ECK Associates Corp now owns 15,561,057 shares of the basic materials company’s stock valued at $623,686,000 after purchasing an additional 2,650,333 shares in the last quarter. Vanguard Group Inc. raised its stake in OR Royalties by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 7,847,015 shares of the basic materials company’s stock valued at $277,965,000 after buying an additional 167,970 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in OR Royalties by 39.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,543,667 shares of the basic materials company’s stock valued at $302,419,000 after buying an additional 2,124,421 shares during the last quarter. Norges Bank purchased a new stake in OR Royalties in the fourth quarter valued at about $88,597,000. Finally, Tidal Investments LLC raised its stake in OR Royalties by 25.4% in the third quarter. Tidal Investments LLC now owns 2,347,760 shares of the basic materials company’s stock valued at $94,098,000 after buying an additional 474,840 shares during the last quarter. Institutional investors own 68.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen cut OR Royalties from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings cut OR Royalties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday. TD Securities reiterated a “hold” rating on shares of OR Royalties in a research note on Monday, February 23rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $56.00 price target on shares of OR Royalties in a research note on Friday, April 10th. Finally, Zacks Research cut OR Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

OR Royalties Stock Down 0.1%

Shares of NYSE:OR opened at $33.84 on Tuesday. OR Royalties Inc. has a 52-week low of $24.76 and a 52-week high of $48.06. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 25.25 and a beta of 0.70. The business has a 50-day moving average price of $38.02 and a 200-day moving average price of $38.75.

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

OR Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.065 dividend. The ex-dividend date is Tuesday, June 30th. This is a positive change from OR Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. OR Royalties’s dividend payout ratio (DPR) is 16.42%.

OR Royalties Profile

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.