Diversified Royalty (TSE:DIV) Insider Sean Morrison Purchases 12,626 Shares

Diversified Royalty Corp. (TSE:DIV) insider Sean Morrison bought 12,626 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of C$4.02 per share, for a total transaction of C$50,756.52. Following the acquisition, the insider directly owned 771,648 shares of the company’s stock, valued at C$3,102,024.96. The trade was a 1.66% increase in their ownership of the stock.

Diversified Royalty Stock Up 0.2%

Diversified Royalty stock traded up C$0.01 during midday trading on Wednesday, reaching C$4.10. The company’s stock had a trading volume of 627,617 shares, compared to its average volume of 472,810. The company has a market cap of C$766.90 million, a P/E ratio of 24.12 and a beta of 1.11. The company has a quick ratio of 1.74, a current ratio of 0.49 and a debt-to-equity ratio of 212.48. The business has a 50-day simple moving average of C$4.61 and a 200-day simple moving average of C$4.39. Diversified Royalty Corp. has a fifty-two week low of C$3.37 and a fifty-two week high of C$4.98.

Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$19.48 million during the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%. On average, research analysts expect that Diversified Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Diversified Royalty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be paid a dividend of $0.0238 per share. The ex-dividend date is Friday, August 14th. This represents a c) annualized dividend and a yield of 7.0%. Diversified Royalty’s payout ratio is presently 165.69%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. ATB Cormark Capital Markets dropped their price target on shares of Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a research note on Friday, August 14th. Desjardins dropped their target price on shares of Diversified Royalty from C$5.00 to C$4.75 and set a “buy” rating on the stock in a research report on Friday, August 14th. Raymond James Financial increased their target price on shares of Diversified Royalty from C$4.70 to C$5.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Finally, Canaccord Genuity Group boosted their price target on shares of Diversified Royalty from C$4.75 to C$5.50 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Diversified Royalty currently has an average rating of “Buy” and an average target price of C$5.25.

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. All of the company’s operating revenues are earned from the receipt of royalties and management fees from its Royalty Partners.