Diversified Royalty (TSE:DIV) Sets New 12-Month High – Time to Buy?

Shares of Diversified Royalty Corp. (TSE:DIV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$3.82 and last traded at C$3.79, with a volume of 846876 shares. The stock had previously closed at C$3.53.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Desjardins raised their price target on shares of Diversified Royalty from C$3.75 to C$4.00 in a report on Thursday, August 7th. CIBC boosted their target price on Diversified Royalty from C$3.50 to C$4.00 in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Diversified Royalty currently has a consensus rating of “Moderate Buy” and an average target price of C$3.87.

Diversified Royalty Trading Down 3.5%

The business has a 50 day simple moving average of C$3.59 and a 200-day simple moving average of C$3.32. The stock has a market capitalization of C$610.80 million, a price-to-earnings ratio of 22.50 and a beta of 0.92. 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 (TSE:DIV) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.05 earnings per share for the quarter. Diversified Royalty had a return on equity of 11.46% and a net margin of 49.25%.The business had revenue of C$15.67 million for the quarter. As a group, equities analysts expect that Diversified Royalty Corp. will post 0.2 earnings per share for the current year.

Diversified Royalty Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 28th will be issued a dividend of $0.0229 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, November 14th. Diversified Royalty’s dividend payout ratio (DPR) is presently 157.53%.

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.