Diversified Royalty (TSE:DIV) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Diversified Royalty Corp. (TSE:DIV - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$2.78 and traded as high as C$2.83. Diversified Royalty shares last traded at C$2.83, with a volume of 369,660 shares traded.

Analyst Upgrades and Downgrades

DIV has been the topic of several research reports. Desjardins set a C$3.75 price target on shares of Diversified Royalty and gave the stock a "buy" rating in a report on Wednesday, February 26th. CIBC upped their price objective on Diversified Royalty from C$3.00 to C$3.10 and gave the stock a "neutral" rating in a research report on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Diversified Royalty currently has a consensus rating of "Moderate Buy" and an average target price of C$3.62.

Diversified Royalty Price Performance

The business has a fifty day simple moving average of C$2.78 and a two-hundred day simple moving average of C$2.88. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. The company has a market cap of C$440.29 million, a PE ratio of 15.03 and a beta of 1.57.

Diversified Royalty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 30th will be paid a $0.0208 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.25 annualized dividend and a dividend yield of 8.67%. Diversified Royalty's dividend payout ratio (DPR) 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.