Diversified Royalty (TSE:DIV) Upgraded at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Diversified Royalty (TSE:DIV) to a strong-buy rating in a report published on Tuesday, Zacks.com reports. Ventum Cap Mkts also issued estimates for Diversified Royalty’s Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.05 EPS, FY2024 earnings at $0.20 EPS and FY2025 earnings at $0.20 EPS.

Separately, Ventum Financial set a C$4.00 price target on Diversified Royalty and gave the company a buy rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Diversified Royalty presently has a consensus rating of Moderate Buy and a consensus target price of C$3.60.

Diversified Royalty Stock Up 0.7 %

Shares of TSE DIV opened at C$2.98 on Tuesday. Diversified Royalty has a 52-week low of C$2.35 and a 52-week high of C$2.99. The company has a debt-to-equity ratio of 89.69, a quick ratio of 1.74 and a current ratio of 5.73. The business has a fifty day moving average of C$2.82 and a two-hundred day moving average of C$2.80. The stock has a market cap of C$493.04 million, a PE ratio of 14.19 and a beta of 1.56.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings data on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, hitting the consensus estimate of C$0.05. The company had revenue of C$16.78 million during the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. As a group, equities research analysts expect that Diversified Royalty will post 0.1950568 earnings per share for the current fiscal year.

Diversified Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were paid a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.46%. The ex-dividend date of this dividend was Friday, September 13th. Diversified Royalty’s dividend payout ratio (DPR) is 119.05%.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.