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

Shares of Diversified Royalty Corp. (TSE:DIV) have earned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$3.60.

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

Diversified Royalty Trading Down 1.0 %

TSE:DIV opened at C$2.92 on Thursday. Diversified Royalty has a 52 week low of C$2.35 and a 52 week high of C$2.97. The firm has a 50-day moving average price of C$2.81 and a two-hundred day moving average price of C$2.80. 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$483.11 million, a price-to-earnings ratio of 13.90 and a beta of 1.56.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings results on Friday, August 9th. The company reported C$0.05 EPS for the quarter, meeting analysts’ consensus estimates of C$0.05. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%. The company had revenue of C$16.78 million during the quarter, compared to the consensus estimate of C$17.50 million. On average, equities 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 will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.021 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date of this dividend is Friday, September 13th. Diversified Royalty’s dividend payout ratio is currently 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.