OR Royalties Inc. (NYSE:OR) Given Consensus Rating of “Moderate Buy” by Brokerages

OR Royalties Inc. (NYSE:OR) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $46.50.

OR has been the topic of a number of research reports. Zacks Research downgraded shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. TD Securities restated a “hold” rating on shares of OR Royalties in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of OR Royalties from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of OR Royalties in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $56.00 price objective on shares of OR Royalties in a research note on Friday, April 10th.

OR Royalties Trading Down 6.4%

OR Royalties stock opened at $33.81 on Friday. OR Royalties has a 1 year low of $24.76 and a 1 year high of $48.06. The company has a market cap of $6.34 billion, a PE ratio of 25.23 and a beta of 0.70. The company’s 50-day moving average is $38.03 and its two-hundred day moving average is $38.69.

OR Royalties (NYSE:OR) last released its earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share (EPS) for the quarter, beating 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 company had revenue of $102.83 million for the quarter, compared to the consensus estimate of $103.27 million. Research analysts forecast that OR Royalties will post 1.4 EPS for the current year.

OR Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.065 per share. This is an increase from OR Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, June 30th. OR Royalties’s dividend payout ratio is presently 16.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OR. State of Wyoming acquired a new position in OR Royalties during the first quarter valued at approximately $28,000. FIL Ltd acquired a new position in OR Royalties during the fourth quarter valued at approximately $29,000. Assetmark Inc. acquired a new position in OR Royalties during the fourth quarter valued at approximately $36,000. Banque Cantonale Vaudoise acquired a new position in OR Royalties during the first quarter valued at approximately $37,000. Finally, Caitlin John LLC acquired a new position in OR Royalties during the third quarter valued at approximately $78,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.