Haywood Securities Research Analysts Decrease Earnings Estimates for Diversified Royalty Corp (DIV)
Diversified Royalty Corp (TSE:DIV) – Investment analysts at Haywood Securities cut their FY2017 earnings per share (EPS) estimates for shares of Diversified Royalty Corp in a research note issued on Wednesday. Haywood Securities analyst C. Healey now forecasts that the company will earn $0.12 per share for the year, down from their prior forecast of $0.14. Haywood Securities also issued estimates for Diversified Royalty Corp’s FY2018 earnings at $0.25 EPS.
Other equities analysts have also issued reports about the company. CIBC raised their price target on Diversified Royalty Corp from C$3.00 to C$3.75 in a research report on Tuesday, October 17th. Pi Financial raised their price target on Diversified Royalty Corp from C$3.25 to C$4.25 and gave the stock a “buy” rating in a research report on Monday, November 13th.
Diversified Royalty Corp (TSE DIV) opened at C$3.56 on Friday. Diversified Royalty Corp has a 1 year low of C$2.20 and a 1 year high of C$3.59.
The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 30th will be given a dividend of $0.0185 per share. The ex-dividend date is Tuesday, November 14th. This represents a $0.22 annualized dividend and a yield of 6.24%. Diversified Royalty Corp’s payout ratio is 247.20%.
About Diversified Royalty Corp
Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp. in October 2014. Diversified Royalty Corp.
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