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

OR Royalties Inc. (NYSE:OR) has been assigned an average rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $45.50.

Several research analysts recently commented on the company. Wall Street Zen cut OR Royalties from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Jefferies Financial Group decreased their price objective on OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Monday. Weiss Ratings lowered shares of OR Royalties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Zacks Research cut shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $56.00 price target on shares of OR Royalties in a report on Friday, April 10th.

OR Royalties Stock Performance

Shares of OR opened at $30.07 on Wednesday. The company’s 50-day simple moving average is $35.11 and its 200-day simple moving average is $38.53. OR Royalties has a 1 year low of $25.61 and a 1 year high of $48.06. The stock has a market capitalization of $5.64 billion, a PE ratio of 22.44 and a beta of 0.74.

OR Royalties (NYSE:OR) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $103.27 million. On average, sell-side analysts predict that OR Royalties will post 1.4 earnings per share for the current year.

OR Royalties Increases Dividend

The business 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 $0.065 dividend. This is a positive change from OR Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.9%. OR Royalties’s payout ratio is 19.40%.

Hedge Funds Weigh In On OR Royalties

Large investors have recently bought and sold shares of the stock. State of Wyoming purchased a new stake in shares of OR Royalties in the 1st quarter valued at about $28,000. FIL Ltd acquired a new position in OR Royalties during the fourth quarter worth approximately $29,000. Grove Bank & Trust purchased a new stake in OR Royalties in the second quarter valued at approximately $32,000. Assetmark Inc. acquired a new stake in shares of OR Royalties in the fourth quarter valued at approximately $36,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of OR Royalties during the first quarter worth approximately $37,000. 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.