Diversified Royalty Corp. (TSE:DIV - Free Report) - Ventum Cap Mkts reduced their FY2024 earnings estimates for shares of Diversified Royalty in a research report issued to clients and investors on Thursday, November 7th. Ventum Cap Mkts analyst D. Schilling now expects that the company will post earnings of $0.19 per share for the year, down from their previous forecast of $0.20. Ventum Cap Mkts has a "Strong-Buy" rating on the stock. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share. Ventum Cap Mkts also issued estimates for Diversified Royalty's FY2025 earnings at $0.19 EPS.
Diversified Royalty (TSE:DIV - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.05 EPS for the quarter, hitting the consensus estimate of C$0.05. Diversified Royalty had a net margin of 51.17% and a return on equity of 12.02%. The firm had revenue of C$16.78 million for the quarter, compared to analyst estimates of C$17.50 million.
Separately, Ventum Financial set a C$4.00 price objective on shares of Diversified Royalty and gave the stock a "buy" rating in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$3.80.
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Diversified Royalty Trading Up 0.3 %
Shares of DIV stock traded up C$0.01 during trading hours on Monday, hitting C$3.05. The company had a trading volume of 82,987 shares, compared to its average volume of 232,177. The company's fifty day moving average is C$2.96 and its 200 day moving average is C$2.83. 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 fifty-two week low of C$2.52 and a fifty-two week high of C$3.09. The stock has a market capitalization of C$504.62 million, a PE ratio of 14.52 and a beta of 1.57.
Diversified Royalty Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 29th will be given a $0.021 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.26%. The ex-dividend date of this dividend is Friday, November 15th. Diversified Royalty's dividend payout ratio (DPR) is 119.05%.
About Diversified Royalty
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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.
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