Shares of Diversified Royalty Corp. (TSE:DIV - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.97 and traded as high as C$2.97. Diversified Royalty shares last traded at C$2.96, with a volume of 181,769 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Ventum Cap Mkts upgraded Diversified Royalty to a "strong-buy" rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Diversified Royalty currently has an average rating of "Moderate Buy" and an average target price of C$3.80.
Read Our Latest Research Report on DIV
Diversified Royalty Price Performance
The stock has a market cap of C$489.73 million, a price-to-earnings ratio of 14.10 and a beta of 1.57. The company's 50 day moving average is C$2.97 and its 200 day moving average is C$2.88. 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 Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a dividend of $0.0208 per share. The ex-dividend date was Friday, December 13th. This represents a $0.25 annualized dividend and a yield of 8.43%. Diversified Royalty's dividend payout ratio is presently 119.05%.
Diversified Royalty Company Profile
(
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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.
Further Reading
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