Cormark Has Optimistic Outlook of TSE:DIV FY2026 Earnings

Diversified Royalty Corp. (TSE:DIV - Free Report) - Analysts at Cormark upped their FY2026 earnings per share estimates for shares of Diversified Royalty in a research report issued on Thursday, June 19th. Cormark analyst J. Fenwick now expects that the company will earn $0.22 per share for the year, up from their previous forecast of $0.21. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share.

A number of other research firms also recently commented on DIV. CIBC increased their price objective on Diversified Royalty from C$3.10 to C$3.20 and gave the company a "neutral" rating in a report on Thursday, June 19th. Desjardins set a C$3.75 price objective on Diversified Royalty and gave the company a "buy" rating in a report on Wednesday, February 26th. Finally, Raymond James Financial increased their price objective on Diversified Royalty from C$3.40 to C$3.60 and gave the company an "outperform" rating in a report on Thursday, June 19th. One investment analyst has 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 currently has an average rating of "Buy" and a consensus target price of C$3.64.

Diversified Royalty Stock Down 0.3%

TSE DIV traded down C$0.01 during trading hours on Monday, hitting C$3.18. 226,816 shares of the company were exchanged, compared to its average volume of 313,969. The company has a 50 day moving average of C$2.95 and a two-hundred day moving average of C$2.87. 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. The firm has a market cap of C$486.16 million, a price-to-earnings ratio of 16.60 and a beta of 1.57.

Diversified Royalty Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.0208 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 7.85%. Diversified Royalty's payout ratio is currently 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.