Diversified Royalty (TSE:DIV) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Diversified Royalty Corp. (TSE:DIV) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$4.03 and traded as low as C$4.02. Diversified Royalty shares last traded at C$4.04, with a volume of 373,346 shares traded.

Analyst Ratings Changes

Separately, Desjardins upped their price target on Diversified Royalty from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$4.03.

Diversified Royalty Stock Down 1.5%

The company has a current ratio of 0.79, a quick ratio of 1.74 and a debt-to-equity ratio of 101.11. The firm’s fifty day moving average price is C$4.03 and its 200-day moving average price is C$3.77. The company has a market cap of C$689.81 million, a price-to-earnings ratio of 23.76 and a beta of 1.11.

Diversified Royalty Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.0238 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Friday, March 13th. Diversified Royalty’s payout ratio is presently 151.95%.

About Diversified Royalty

Diversified Royalty Corp is a multi-royalty company. It is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America. As a part of the investment strategy, the firm always purchases trademarks of the companies it is going to acquire. The company gives its partners the benefit of full operational control of their business, participation in the growth of their company, and tax deductibility on royal payments. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.