OR Royalties Inc. $OR Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in OR Royalties Inc. (NYSE:OR) by 7.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 222,884 shares of the basic materials company’s stock after acquiring an additional 15,149 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in OR Royalties were worth $8,916,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Eagle Global Advisors LLC acquired a new position in OR Royalties in the third quarter worth approximately $206,000. Merit Financial Group LLC bought a new stake in shares of OR Royalties during the 3rd quarter worth $215,000. Smith Salley Wealth Management acquired a new position in shares of OR Royalties in the 3rd quarter worth $228,000. Corundum Trust Company INC acquired a new stake in shares of OR Royalties during the third quarter worth $240,000. Finally, Twin Tree Management LP purchased a new stake in shares of OR Royalties during the second quarter valued at $245,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Scotiabank lifted their price target on OR Royalties from $41.00 to $51.00 and gave the stock a “sector perform” rating in a research note on Monday. Raymond James Financial raised shares of OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Thursday, November 6th. Jefferies Financial Group restated a “hold” rating and issued a $38.00 price target on shares of OR Royalties in a research report on Sunday, December 7th. Canaccord Genuity Group upgraded shares of OR Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research downgraded shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $38.25.

OR Royalties Stock Down 2.4%

Shares of NYSE:OR opened at $45.69 on Friday. The firm has a fifty day moving average of $37.69 and a two-hundred day moving average of $34.69. OR Royalties Inc. has a 12-month low of $17.55 and a 12-month high of $47.75. The firm has a market capitalization of $8.55 billion, a P/E ratio of 57.83 and a beta of 0.78.

OR Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. OR Royalties had a net margin of 60.72% and a return on equity of 10.67%. Equities research analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, December 31st. OR Royalties’s payout ratio is currently 27.85%.

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.