Brokerages Set Diversified Royalty Corp. (TSE:DIV) Price Target at C$3.60

Shares of Diversified Royalty Corp. (TSE:DIV) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$3.60.

A number of equities analysts have recently weighed in on the company. Ventum Financial set a C$4.00 price objective on Diversified Royalty and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Ventum Cap Mkts raised shares of Diversified Royalty to a “strong-buy” rating in a report on Tuesday, September 24th.

Diversified Royalty Stock Performance

DIV opened at C$2.99 on Thursday. The company has a 50 day simple moving average of C$2.82 and a two-hundred day simple moving average of C$2.81. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74. The firm has a market cap of C$494.70 million, a P/E ratio of 14.19 and a beta of 1.56. Diversified Royalty has a 1-year low of C$2.35 and a 1-year high of C$3.00.

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

Diversified Royalty Announces Dividend

The company 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 yield of 8.43%. The ex-dividend date of this dividend was Friday, September 13th. Diversified Royalty’s payout ratio is presently 119.05%.

About Diversified Royalty

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.