Diversified Royalty Corp. (TSE:DIV - Get Free Report) shares crossed 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 Upgrades and Downgrades
Several equities research analysts have recently issued reports on DIV shares. Ventum Cap Mkts upgraded shares of Diversified Royalty to a "strong-buy" rating in a research report on Tuesday, September 24th. Ventum Financial set a C$4.00 price target on shares of Diversified Royalty and gave the company a "buy" rating in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$3.80.
Check Out Our Latest Analysis on DIV
Diversified Royalty Stock Performance
The stock has a market capitalization of C$474.84 million, a PE ratio of 13.67 and a beta of 1.57. The business's 50 day moving average is C$3.01 and its 200 day moving average is C$2.87. The company has a current ratio of 5.73, a quick ratio of 1.74 and a debt-to-equity ratio of 89.69.
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 payout ratio is 119.05%.
Diversified Royalty Company Profile
(
Get Free Report)
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.
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