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

Diversified Royalty Corp. (TSE:DIV)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.87 and traded as low as C$2.84. Diversified Royalty shares last traded at C$2.87, with a volume of 660,646 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on DIV shares. Ventum Cap Mkts upgraded Diversified Royalty to a “strong-buy” rating in a research report on Tuesday, September 24th. Ventum Financial set a C$4.00 target price on shares of Diversified Royalty and gave the stock a “buy” rating in a report on Tuesday, September 24th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Diversified Royalty currently has an average rating of “Moderate Buy” and an average price target of C$3.80.

Diversified Royalty Stock Up 0.3 %

The firm has a market cap of C$474.84 million, a P/E ratio of 13.67 and a beta of 1.57. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69. The business has a 50-day moving average price of C$3.01 and a 200-day moving average price of C$2.87.

Diversified Royalty Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a $0.0208 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.25 annualized dividend and a dividend yield of 8.70%. Diversified Royalty’s dividend 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.