CIBC lowered shares of Diversified Royalty (TSE:DIV - Free Report) from an outperform rating to a neutral rating in a research report report published on Monday, BayStreet.CA reports.
Other analysts also recently issued research reports about the stock. Cormark decreased their price objective on shares of Diversified Royalty from C$4.25 to C$4.00 in a report on Monday, February 26th. Raymond James set a C$3.40 price objective on Diversified Royalty and gave the company an outperform rating in a report on Thursday, February 8th.
Check Out Our Latest Report on Diversified Royalty
Diversified Royalty Stock Down 1.4 %
TSE:DIV traded down C$0.04 on Monday, hitting C$2.85. The stock had a trading volume of 550,585 shares, compared to its average volume of 246,655. Diversified Royalty has a 1 year low of C$2.35 and a 1 year high of C$3.05. The firm's fifty day simple moving average is C$2.85 and its two-hundred day simple moving average is C$2.75. The stock has a market cap of C$469.28 million, a P/E ratio of 12.95 and a beta of 1.58. The company has a debt-to-equity ratio of 128.77, a quick ratio of 1.74 and a current ratio of 0.69.
Diversified Royalty (TSE:DIV - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported C$0.06 earnings per share for the quarter, topping the consensus estimate of C$0.05 by C$0.01. Diversified Royalty had a return on equity of 13.46% and a net margin of 56.15%. The business had revenue of C$16.39 million for the quarter, compared to analysts' expectations of C$16.84 million. Analysts predict that Diversified Royalty will post 0.1807838 earnings per share for the current year.
Diversified Royalty Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 31st will be paid a dividend of $0.021 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.84%. The ex-dividend date is Tuesday, May 14th. Diversified Royalty's payout ratio is currently 113.64%.
Diversified Royalty Company Profile
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Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It owns the Sutton, Mr. Lube + Tires, AIR MILES, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, and BarBurrito trademarks.
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