OR Royalties Inc. $OR Position Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of OR Royalties Inc. (NYSE:OR) by 3.1% in the third quarter, Holdings Channel.com reports. The firm owned 7,679,045 shares of the basic materials company’s stock after purchasing an additional 233,504 shares during the period. Vanguard Group Inc.’s holdings in OR Royalties were worth $307,776,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of OR Royalties by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 440 shares in the last quarter. Vident Advisory LLC lifted its stake in OR Royalties by 2.0% in the second quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company’s stock valued at $1,089,000 after acquiring an additional 820 shares during the last quarter. HighTower Advisors LLC grew its position in OR Royalties by 1.4% in the third quarter. HighTower Advisors LLC now owns 79,518 shares of the basic materials company’s stock worth $3,187,000 after acquiring an additional 1,088 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of OR Royalties by 9.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 16,471 shares of the basic materials company’s stock worth $660,000 after purchasing an additional 1,446 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its stake in shares of OR Royalties by 14.0% in the 3rd quarter. SeaBridge Investment Advisors LLC now owns 17,677 shares of the basic materials company’s stock valued at $708,000 after purchasing an additional 2,177 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

OR Royalties Stock Up 0.8%

NYSE:OR opened at $47.39 on Friday. The company’s 50-day moving average price is $41.05 and its two-hundred day moving average price is $36.77. OR Royalties Inc. has a 12 month low of $17.55 and a 12 month high of $48.06. The firm has a market cap of $8.88 billion, a PE ratio of 43.48 and a beta of 0.76.

OR Royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $90.47 million for the quarter, compared to the consensus estimate of $90.80 million. OR Royalties had a return on equity of 12.73% and a net margin of 74.30%. On average, research analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.22 dividend on an annualized basis and a yield of 0.5%. OR Royalties’s dividend payout ratio (DPR) is presently 20.18%.

Analyst Ratings Changes

OR has been the topic of several recent research reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of OR Royalties in a report on Wednesday, February 4th. Wall Street Zen cut OR Royalties from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “buy (b)” rating on shares of OR Royalties in a research note on Monday, December 29th. Raymond James Financial upgraded 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 note on Thursday, November 6th. Finally, TD Securities restated a “hold” rating on shares of OR Royalties in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, OR Royalties presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.25.

OR Royalties Company 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.