Raymond James Financial Weighs in on TSE:DIV FY2025 Earnings

Key Points

• Raymond James Financial has raised its FY2025 earnings estimate for Diversified Royalty Corp. to $0.21 per share, up from $0.20, and maintains an "Outperform" rating with a price target of $3.60.
• Diversified Royalty recently declared a monthly dividend of $0.0229, an increase from its previous dividend of $0.02, resulting in a dividend yield of 8.2%.
• The company's shares opened at C$3.37, with a market capitalization of C$515.21 million and a current PE ratio of 17.59.

Diversified Royalty Corp. (TSE:DIV - Free Report) - Research analysts at Raymond James Financial increased their FY2025 earnings per share estimates for shares of Diversified Royalty in a note issued to investors on Thursday, August 7th. Raymond James Financial analyst M. Glen now expects that the company will earn $0.21 per share for the year, up from their previous estimate of $0.20. Raymond James Financial currently has a "Outperform" rating and a $3.60 price objective on the stock. The consensus estimate for Diversified Royalty's current full-year earnings is $0.20 per share. Raymond James Financial also issued estimates for Diversified Royalty's Q4 2025 earnings at $0.06 EPS.

Several other equities research analysts have also recently weighed in on the company. CIBC upped their target price on Diversified Royalty from C$3.10 to C$3.20 and gave the stock a "neutral" rating in a report on Thursday, June 19th. Desjardins upped their target price on Diversified Royalty from C$3.75 to C$4.00 in a report on Thursday, August 7th. One investment 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$3.70.

Diversified Royalty Stock Up 0.9%

Shares of DIV stock traded up C$0.03 during mid-day trading on Monday, hitting C$3.41. The stock had a trading volume of 292,132 shares, compared to its average volume of 310,054. Diversified Royalty has a 12-month low of C$2.50 and a 12-month high of C$3.43. The firm has a market capitalization of C$521.32 million, a P/E ratio of 17.80 and a beta of 1.57. The firm's 50-day moving average is C$3.20 and its two-hundred day moving average is C$2.96. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74.

Diversified Royalty Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 29th will be paid a dividend of $0.0229 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, August 15th. Diversified Royalty's dividend payout ratio 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.