Diversified Royalty (TSE:DIV) Shares Pass Above 50-Day Moving Average of $2.68

Diversified Royalty Corp. (TSE:DIV – Get Rating) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$2.68 and traded as high as C$2.77. Diversified Royalty shares last traded at C$2.75, with a volume of 483,398 shares.

Analyst Upgrades and Downgrades

Separately, CIBC decreased their target price on Diversified Royalty from C$3.25 to C$3.15 and set a “neutral” rating on the stock in a research report on Monday, May 16th.

Diversified Royalty Stock Performance

The company has a market capitalization of C$341.20 million and a price-to-earnings ratio of 13.10. The stock has a fifty day moving average price of C$2.68 and a two-hundred day moving average price of C$2.89. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 111.90.

Diversified Royalty (TSE:DIV – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The company reported C$0.05 earnings per share for the quarter. The company had revenue of C$9.74 million during the quarter. As a group, analysts forecast that Diversified Royalty Corp. will post 0.171283 EPS for the current fiscal year.

Diversified Royalty Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 29th were paid a $0.0183 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.22 annualized dividend and a yield of 7.99%. Diversified Royalty’s payout ratio is currently 101.19%.

Diversified Royalty Company Profile

(Get Rating)

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. The company owns the Mr. Lube, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, and Oxford Learning Centres trademarks. The company was formerly known as BENEV Capital Inc and changed its name to Diversified Royalty Corp.

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