Diversified Royalty (TSE:DIV) Sets New 1-Year High – What’s Next?

Diversified Royalty Corp. (TSE:DIV) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$4.47 and last traded at C$4.46, with a volume of 798818 shares. The stock had previously closed at C$4.31.

Analyst Upgrades and Downgrades

Separately, Desjardins raised their price objective on Diversified Royalty from C$4.00 to C$4.50 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Diversified Royalty currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.03.

Diversified Royalty Price Performance

The stock has a fifty day moving average price of C$4.20 and a 200-day moving average price of C$3.95. The firm has a market capitalization of C$788.35 million, a PE ratio of 21.95 and a beta of 1.07. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84.

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

Diversified Royalty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 29th will be issued a $0.0238 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Diversified Royalty’s dividend payout ratio (DPR) is currently 126.79%.

Diversified Royalty Company Profile

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.