Diversified Royalty (TSE:DIV) Share Price Crosses Below 50-Day Moving Average of $2.76

Diversified Royalty Corp. (TSE:DIV)’s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$2.76 and traded as low as C$2.69. Diversified Royalty shares last traded at C$2.71, with a volume of 103,497 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on DIV shares. Cibc World Mkts cut Diversified Royalty from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. CIBC downgraded shares of Diversified Royalty from an “outperform” rating to a “neutral” rating in a report on Monday, May 13th.

Diversified Royalty Trading Up 0.4 %

The firm has a fifty day moving average of C$2.76 and a 200 day moving average of C$2.79. The firm has a market capitalization of C$453.31 million, a PE ratio of 12.50 and a beta of 1.59. The company has a debt-to-equity ratio of 87.46, a quick ratio of 1.74 and a current ratio of 0.81.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.04 by C$0.01. The company had revenue of C$15.08 million for the quarter, compared to analyst estimates of C$16.06 million. Diversified Royalty had a net margin of 54.93% and a return on equity of 12.42%. Equities research analysts expect that Diversified Royalty Corp. will post 0.1900883 EPS for the current year.

Diversified Royalty Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.021 per share. This represents a $0.25 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend was Friday, June 14th. Diversified Royalty’s dividend payout ratio (DPR) is currently 113.64%.

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.