FY2024 EPS Estimates for TSE:DIV Decreased by Analyst

Diversified Royalty Corp. (TSE:DIV) – Stock analysts at Ventum Cap Mkts reduced their FY2024 earnings per share estimates for Diversified Royalty in a report issued on Thursday, November 7th. Ventum Cap Mkts analyst D. Schilling now expects that the company will earn $0.19 per share for the year, down from their previous estimate of $0.20. Ventum Cap Mkts has a “Strong-Buy” rating on the stock. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share. Ventum Cap Mkts also issued estimates for Diversified Royalty’s FY2025 earnings at $0.19 EPS.

Separately, Ventum Financial set a C$4.00 price objective on shares of Diversified Royalty and gave the company a “buy” rating in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$3.80.

Diversified Royalty Stock Down 0.3 %

Shares of TSE DIV opened at C$3.04 on Monday. The business’s fifty day moving average price is C$2.97 and its 200-day moving average price is C$2.84. Diversified Royalty has a one year low of C$2.52 and a one year high of C$3.09. The stock has a market capitalization of C$502.97 million, a PE ratio of 14.52 and a beta of 1.57. The company has a debt-to-equity ratio of 89.69, a current ratio of 5.73 and a quick ratio of 1.74.

Diversified Royalty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be issued a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a yield of 8.29%. The ex-dividend date of this dividend is Friday, November 15th. Diversified Royalty’s dividend payout ratio (DPR) 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.