Diversified Royalty Corp. (TSE:DIV) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Diversified Royalty Corp. (TSE:DIV) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$3.60.

A number of analysts have issued reports on the company. Ventum Cap Mkts raised Diversified Royalty to a “strong-buy” rating in a report on Tuesday, September 24th. Ventum Financial set a C$4.00 target price on Diversified Royalty and gave the company a “buy” rating in a report on Tuesday, September 24th.

Diversified Royalty Stock Performance

Shares of TSE DIV opened at C$2.98 on Thursday. 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 firm has a market cap of C$493.04 million, a price-to-earnings ratio of 14.19 and a beta of 1.56. The business’s 50-day simple moving average is C$2.84 and its 200-day simple moving average is C$2.81. Diversified Royalty has a 52 week low of C$2.35 and a 52 week high of C$3.00.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.05 EPS for the quarter, meeting analysts’ consensus estimates of C$0.05. The business had revenue of C$16.78 million for the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%. 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 company also recently disclosed a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given 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 is presently 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.