Diversified Royalty (TSE:DIV) Share Price Passes Above 50 Day Moving Average of $2.83

Diversified Royalty Corp. (TSE:DIVGet Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$2.83 and traded as high as C$2.91. Diversified Royalty shares last traded at C$2.90, with a volume of 95,038 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DIV. Cormark dropped their price objective on shares of Diversified Royalty from C$4.25 to C$4.00 in a research note on Monday, February 26th. Raymond James set a C$3.40 price target on Diversified Royalty and gave the stock an “outperform” rating in a research report on Thursday, February 8th.

Read Our Latest Analysis on DIV

Diversified Royalty Stock Performance

The company has a current ratio of 0.69, a quick ratio of 1.74 and a debt-to-equity ratio of 128.77. The company’s 50-day moving average is C$2.83 and its two-hundred day moving average is C$2.70. The stock has a market capitalization of C$477.02 million, a P/E ratio of 13.18 and a beta of 1.59.

Diversified Royalty (TSE:DIVGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The company reported C$0.06 EPS for the quarter, beating the consensus estimate of C$0.05 by C$0.01. The company had revenue of C$16.39 million for the quarter, compared to analyst estimates of C$16.84 million. Diversified Royalty had a net margin of 56.15% and a return on equity of 13.46%. As a group, sell-side analysts anticipate that Diversified Royalty Corp. will post 0.1801242 EPS for the current fiscal year.

Diversified Royalty Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.021 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.25 annualized dividend and a yield of 8.69%. This is an increase from Diversified Royalty’s previous monthly dividend of $0.02. Diversified Royalty’s payout ratio is presently 113.64%.

About Diversified Royalty

(Get Free Report)

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.

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