FY2026 EPS Estimates for TSE:DIV Increased by Analyst

Diversified Royalty Corp. (TSE:DIV - Free Report) - Stock analysts at Raymond James Financial boosted their FY2026 earnings per share (EPS) estimates for shares of Diversified Royalty in a note issued to investors on Thursday, June 19th. Raymond James Financial analyst M. Glen now forecasts that the company will earn $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 target price on the stock. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share.

Several other equities analysts have also issued reports on the company. CIBC increased their target price on Diversified Royalty from C$3.10 to C$3.20 and gave the stock a "neutral" rating in a research note on Thursday, June 19th. Desjardins set a C$3.75 target price on Diversified Royalty and gave the stock a "buy" rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of C$3.64.

Diversified Royalty Trading Down 0.3%

Shares of Diversified Royalty stock traded down C$0.01 during trading hours on Monday, hitting C$3.18. The company's stock had a trading volume of 226,816 shares, compared to its average volume of 313,969. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.21. The firm has a fifty day moving average of C$2.95 and a 200-day moving average of C$2.87. The stock 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 debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28.

Diversified Royalty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a dividend of $0.0208 per share. This represents a $0.25 annualized dividend and a yield of 7.85%. The ex-dividend date is Friday, June 13th. Diversified Royalty's payout ratio is 130.49%.

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.