Diversified Royalty Corp. (TSE:DIV) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Diversified Royalty Corp. (TSE:DIV) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$3.60.

A number of brokerages have issued reports on DIV. Ventum Cap Mkts upgraded Diversified Royalty to a “strong-buy” rating in a research note on Tuesday, September 24th. Ventum Financial set a C$4.00 price target on Diversified Royalty and gave the stock a “buy” rating in a research report on Tuesday, September 24th.

Diversified Royalty Price Performance

DIV stock opened at C$2.99 on Thursday. 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 has a 1 year low of C$2.35 and a 1 year high of C$3.00. The firm has a 50-day moving average of C$2.82 and a 200 day moving average of C$2.81. The company has a market cap of C$494.70 million, a P/E ratio of 14.19 and a beta of 1.56.

Diversified Royalty (TSE:DIV) last released its quarterly earnings results on Friday, August 9th. The company reported C$0.05 earnings per share for the quarter, meeting the consensus estimate of C$0.05. The company had revenue of C$16.78 million for the quarter, compared to analyst estimates of C$17.50 million. Diversified Royalty had a return on equity of 12.02% and a net margin of 51.17%. On average, sell-side analysts forecast that Diversified Royalty will post 0.1950568 EPS for the current year.

Diversified Royalty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.021 per share. This represents a $0.25 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend was Friday, September 13th. Diversified Royalty’s payout ratio is currently 119.05%.

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.