Clearbridge Investments LLC Has $7.04 Million Stock Holdings in OR Royalties Inc. $OR

Clearbridge Investments LLC increased its position in shares of OR Royalties Inc. (NYSE:OR) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 199,039 shares of the basic materials company’s stock after buying an additional 46,036 shares during the quarter. Clearbridge Investments LLC owned 0.11% of OR Royalties worth $7,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OR. Van ECK Associates Corp lifted its stake in OR Royalties by 20.5% during the third quarter. Van ECK Associates Corp now owns 15,561,057 shares of the basic materials company’s stock worth $623,686,000 after purchasing an additional 2,650,333 shares during the period. Norges Bank bought a new position in shares of OR Royalties in the fourth quarter valued at approximately $88,597,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of OR Royalties by 39.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,543,667 shares of the basic materials company’s stock valued at $302,419,000 after acquiring an additional 2,124,421 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of OR Royalties by 152.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock valued at $26,539,000 after acquiring an additional 758,815 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of OR Royalties by 85.3% in the third quarter. Invesco Ltd. now owns 1,543,366 shares of the basic materials company’s stock valued at $61,858,000 after acquiring an additional 710,654 shares during the last quarter. Institutional investors own 68.52% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Weiss Ratings cut shares of OR Royalties from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of OR Royalties from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $56.00 target price on shares of OR Royalties in a research note on Friday, April 10th. TD Securities reiterated a “hold” rating on shares of OR Royalties in a research note on Monday, February 23rd. Finally, Zacks Research cut shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $46.50.

OR Royalties Stock Performance

OR opened at $31.41 on Thursday. OR Royalties Inc. has a 52 week low of $24.76 and a 52 week high of $48.06. The firm has a market capitalization of $5.89 billion, a PE ratio of 23.44 and a beta of 0.70. The company has a fifty day moving average price of $37.90 and a two-hundred day moving average price of $38.74.

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

OR Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued 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 annualized dividend and a dividend yield of 0.8%. OR Royalties’s dividend payout ratio (DPR) is presently 18.66%.

OR Royalties 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.