OR Royalties Inc. (NYSE:OR) Receives Average Recommendation of “Hold” from Analysts

OR Royalties Inc. (NYSE:OR) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $40.50.

Several research firms have commented on OR. Zacks Research downgraded shares of OR Royalties from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Royal Bank Of Canada decreased their target price on OR Royalties from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group dropped their price target on OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Wall Street Zen cut OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Scotiabank reduced their price objective on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th.

OR Royalties Stock Performance

OR stock opened at $29.74 on Friday. The company’s fifty day moving average price is $32.15 and its 200-day moving average price is $37.57. OR Royalties has a one year low of $27.54 and a one year high of $48.06. The company has a market capitalization of $5.57 billion, a PE ratio of 22.19 and a beta of 0.74.

OR Royalties (NYSE:OR) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.06. The company had revenue of $102.83 million during the quarter, compared to analysts’ expectations of $103.27 million. OR Royalties had a net margin of 78.09% and a return on equity of 15.10%. On average, research analysts predict that OR Royalties will post 1.27 EPS for the current fiscal year.

OR Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from OR Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 30th. OR Royalties’s payout ratio is 18.66%.

Hedge Funds Weigh In On OR Royalties

Several institutional investors have recently bought and sold shares of OR. State of Wyoming purchased a new position in shares of OR Royalties in the 1st quarter worth $28,000. FIL Ltd purchased a new stake in shares of OR Royalties during the 4th quarter valued at about $29,000. Grove Bank & Trust purchased a new stake in shares of OR Royalties during the 2nd quarter valued at about $32,000. Assetmark Inc. bought a new position in shares of OR Royalties in the 4th quarter valued at about $36,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of OR Royalties in the 1st quarter valued at about $37,000. Institutional investors 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.