Diversified Royalty (TSE:DIV) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Shares of Diversified Royalty Corp. (TSE:DIV - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.91 and traded as low as C$2.76. Diversified Royalty shares last traded at C$2.80, with a volume of 167,652 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DIV. Desjardins set a C$3.75 price objective on shares of Diversified Royalty and gave the stock a "buy" rating in a research report on Wednesday, February 26th. CIBC increased their price target on Diversified Royalty from C$3.00 to C$3.10 and gave the company a "neutral" rating in a report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Diversified Royalty has a consensus rating of "Moderate Buy" and an average price target of C$3.62.

Diversified Royalty Price Performance

The company has a market cap of C$399.02 million, a price-to-earnings ratio of 13.62 and a beta of 1.57. The company's 50-day simple moving average is C$2.78 and its 200-day simple moving average is C$2.90. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74.

Diversified Royalty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.0208 per share. This represents a $0.25 dividend on an annualized basis and a yield of 9.56%. The ex-dividend date is Tuesday, April 15th. Diversified Royalty's payout ratio is 130.49%.

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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.