CWA Asset Management Group LLC Acquires 27,171 Shares of OR Royalties Inc. $OR

CWA Asset Management Group LLC boosted its holdings in OR Royalties Inc. (NYSE:OR) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 408,918 shares of the basic materials company’s stock after buying an additional 27,171 shares during the quarter. CWA Asset Management Group LLC’s holdings in OR Royalties were worth $14,472,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of OR. Van ECK Associates Corp boosted its holdings in shares of OR Royalties by 20.5% during the 3rd quarter. Van ECK Associates Corp now owns 15,561,057 shares of the basic materials company’s stock valued at $623,686,000 after acquiring an additional 2,650,333 shares during the last quarter. Vanguard Group Inc. lifted its position in OR Royalties by 3.1% during the third quarter. Vanguard Group Inc. now owns 7,679,045 shares of the basic materials company’s stock valued at $307,776,000 after purchasing an additional 233,504 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in OR Royalties by 39.2% during 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 purchasing an additional 2,124,421 shares during the period. Picton Mahoney Asset Management purchased a new stake in OR Royalties in the second quarter worth approximately $96,617,000. Finally, Tidal Investments LLC boosted its holdings in OR Royalties by 25.4% in the third quarter. Tidal Investments LLC now owns 2,347,760 shares of the basic materials company’s stock worth $94,098,000 after purchasing an additional 474,840 shares during the last quarter. Institutional investors own 68.52% of the company’s stock.

Analysts Set New Price Targets

OR has been the subject of a number of research reports. TD Securities reiterated a “hold” rating on shares of OR Royalties in a research note on Monday, February 23rd. Weiss Ratings restated a “buy (b)” rating on shares of OR Royalties in a research note on Monday, December 29th. Wall Street Zen raised OR Royalties from a “buy” rating to a “strong-buy” rating in a report on Saturday. Scotiabank upped their price objective on OR Royalties from $41.00 to $51.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Finally, Zacks Research raised OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.25.

OR Royalties Price Performance

Shares of OR stock opened at $32.89 on Friday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 30.17 and a beta of 0.75. OR Royalties Inc. has a one year low of $18.99 and a one year high of $48.06. The company’s fifty day moving average price is $42.40 and its 200-day moving average price is $37.84.

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

OR Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders 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 dividend yield of 0.7%. OR Royalties’s dividend payout ratio is 20.18%.

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.