Diversified Royalty (TSE:DIV) Insider Sells C$145,500.00 in Stock

Diversified Royalty Corp. (TSE:DIV) insider Greg Gutmanis sold 30,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$4.85, for a total transaction of C$145,500.00. Following the completion of the sale, the insider owned 204,185 shares in the company, valued at approximately C$990,297.25. The trade was a 12.81% decrease in their position.

Diversified Royalty Stock Performance

DIV traded down C$0.11 during trading on Monday, reaching C$4.79. 269,757 shares of the company’s stock were exchanged, compared to its average volume of 381,761. Diversified Royalty Corp. has a fifty-two week low of C$2.87 and a fifty-two week high of C$4.93. The company has a quick ratio of 1.74, a current ratio of 2.84 and a debt-to-equity ratio of 103.05. The business has a 50 day moving average price of C$4.34 and a 200 day moving average price of C$4.04. The company has a market capitalization of C$820.37 million, a P/E ratio of 23.95 and a beta of 1.07.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share for the quarter. Diversified Royalty had a net margin of 49.91% and a return on equity of 12.54%. The firm had revenue of C$18.80 million for the quarter. As a group, analysts predict that Diversified Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Diversified Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 29th were paid a dividend of $0.0238 per share. The ex-dividend date was Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%. Diversified Royalty’s payout ratio is currently 137.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Desjardins lifted their price target on shares of Diversified Royalty from C$4.50 to C$4.75 and gave the stock a “buy” rating in a research note on Tuesday, May 19th. Canaccord Genuity Group lifted their price target on shares of Diversified Royalty from C$4.75 to C$5.50 and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Raymond James Financial lifted their price target on shares of Diversified Royalty from C$4.25 to C$4.70 and gave the stock an “outperform” rating in a research note on Wednesday, May 20th. Finally, ATB Cormark Capital Markets lifted their price objective on Diversified Royalty from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Thursday, May 21st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.89.

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.