Diversified Royalty (TSE:DIV) Shares Pass Above 50-Day Moving Average - Should You Sell?

Diversified Royalty Corp. (TSE:DIV - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$2.99 and traded as high as C$3.25. Diversified Royalty shares last traded at C$3.22, with a volume of 212,363 shares trading hands.

Wall Street Analysts Forecast Growth

DIV has been the subject of several research analyst reports. Raymond James Financial raised their price target 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. CIBC raised their price target 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. 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 stock. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$3.64.

Diversified Royalty Trading Up 0.3%

The stock has a market cap of C$495.33 million, a PE ratio of 16.91 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. The stock has a fifty day moving average price of C$3.00 and a 200 day moving average price of C$2.88.

Diversified Royalty Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 30th were issued a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend was Friday, June 13th. Diversified Royalty's dividend payout ratio (DPR) is 130.49%.

Diversified Royalty Company Profile

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.