OR Royalties Inc. $OR Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. reduced its stake in OR Royalties by 3.5% in Q4, selling 35,509 shares and ending the period with 992,679 shares (about 0.53% of the company) as institutional investors hold 68.52% of the stock.
• Analysts have a consensus rating of Moderate Buy with an average target price of $46.50, with individual targets ranging up to $56 (RBC) and Scotiabank recently raising its target to $51.
• OR Royalties reported Q4 EPS of $0.32 (beat by $0.01) on $90.47M revenue and recently paid a quarterly dividend of $0.055 (annualized $0.22, yield 0.5%).

Massachusetts Financial Services Co. MA decreased its position in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 992,679 shares of the basic materials company's stock after selling 35,509 shares during the period. Massachusetts Financial Services Co. MA owned about 0.53% of OR Royalties worth $35,131,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OR. Linden Thomas Advisory Services LLC raised its position in OR Royalties by 4.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,254 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 249 shares in the last quarter. Cetera Investment Advisers raised its position in OR Royalties by 3.5% in the 2nd quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company's stock valued at $337,000 after purchasing an additional 440 shares in the last quarter. Vident Advisory LLC raised its position in OR Royalties by 2.0% in the 2nd quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company's stock valued at $1,089,000 after purchasing an additional 820 shares in the last quarter. HighTower Advisors LLC raised its position in OR Royalties by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 79,518 shares of the basic materials company's stock valued at $3,187,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in OR Royalties by 9.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 16,471 shares of the basic materials company's stock valued at $660,000 after purchasing an additional 1,446 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OR shares. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Wednesday, February 4th. Scotiabank increased their price objective on OR Royalties from $41.00 to $51.00 and gave the company a "sector perform" rating in a report on Monday, January 26th. Weiss Ratings reiterated a "buy (b)" rating on shares of OR Royalties in a report on Monday, December 29th. Zacks Research downgraded OR Royalties from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $56.00 price objective on shares of OR Royalties in a report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.50.

OR Royalties Stock Up 0.0%

NYSE:OR opened at $40.13 on Thursday. The stock's 50 day moving average price is $40.79 and its 200 day moving average price is $38.16. The company has a market capitalization of $7.53 billion, a PE ratio of 36.81 and a beta of 0.83. OR Royalties Inc. has a 52-week low of $22.08 and a 52-week high of $48.06.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. OR Royalties had a return on equity of 12.41% and a net margin of 74.30%.The company had revenue of $90.47 million for the quarter, compared to the consensus estimate of $90.80 million. As a group, sell-side analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, March 31st. OR Royalties's dividend payout ratio (DPR) is 20.18%.

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.

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