Diversified Royalty Corp. (TSE:DIV - Free Report) - Analysts at Raymond James Financial raised their FY2026 earnings estimates for Diversified Royalty in a note issued to investors on Thursday, June 19th. Raymond James Financial analyst M. Glen now expects that the company will post earnings of $0.22 per share for the year, up from their previous forecast of $0.20. Raymond James Financial currently has a "Outperform" rating and a $3.60 price objective on the stock. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share.
A number of other brokerages also recently commented on DIV. Desjardins set a C$3.75 target price on shares of Diversified Royalty and gave the stock a "buy" rating in a research note on Wednesday, February 26th. CIBC upped their target price on shares of Diversified Royalty from C$3.10 to C$3.20 and gave the company a "neutral" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$3.64.
Get Our Latest Analysis on Diversified Royalty
Diversified Royalty Stock Performance
TSE:DIV opened at C$3.18 on Monday. The company has a fifty day simple moving average of C$2.92 and a two-hundred day simple moving average of C$2.86. The company has a market cap of C$486.16 million, a price-to-earnings ratio of 16.60 and a beta of 1.57. The company has a quick ratio of 1.74, a current ratio of 4.28 and a debt-to-equity ratio of 90.70. Diversified Royalty has a 52 week low of C$2.50 and a 52 week high of C$3.21.
Diversified Royalty Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a dividend of $0.0208 per share. The ex-dividend date is Friday, June 13th. This represents a $0.25 annualized dividend and a yield of 7.85%. Diversified Royalty's dividend payout ratio is currently 130.49%.
About Diversified Royalty
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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.
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