Diversified Royalty (TSE:DIV) Reaches New 1-Year High – What’s Next?

Diversified Royalty Corp. (TSE:DIV)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$4.17 and last traded at C$4.16, with a volume of 91933 shares. The stock had previously closed at C$4.15.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Canadian Imperial Bank of Commerce upped their target price on Diversified Royalty from C$3.50 to C$4.00 in a research report on Friday, November 14th. Desjardins boosted their price target on Diversified Royalty from C$4.00 to C$4.50 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Diversified Royalty has an average rating of “Moderate Buy” and an average target price of C$4.03.

Diversified Royalty Trading Up 0.5%

The stock has a market cap of C$712.01 million, a PE ratio of 24.53 and a beta of 0.99. The company’s fifty day moving average is C$3.88 and its 200-day moving average is C$3.68. 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 announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 27th will be issued a dividend of $0.0238 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Friday, February 13th. Diversified Royalty’s dividend payout ratio (DPR) is 151.95%.

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