Johnny Ciampi Acquires 100,000 Shares of Diversified Royalty (TSE:DIV) Stock

Diversified Royalty Corp. (TSE:DIV) Director Johnny Ciampi acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average cost of C$3.99 per share, with a total value of C$399,000.00. Following the completion of the acquisition, the director owned 112,767 shares in the company, valued at C$449,940.33. This trade represents a 783.27% increase in their position.

Johnny Ciampi also recently made the following trade(s):

• On Monday, June 8th, Johnny Ciampi sold 147,004 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total transaction of C$701,209.08.
• On Monday, June 8th, Johnny Ciampi sold 152,996 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total transaction of C$729,790.92.

Diversified Royalty Trading Up 1.0%

TSE:DIV opened at C$4.11 on Friday. Diversified Royalty Corp. has a 1 year low of C$3.37 and a 1 year high of C$4.98. The stock’s fifty day moving average price is C$4.59 and its two-hundred day moving average price is C$4.39. The company has a debt-to-equity ratio of 212.48, a current ratio of 0.49 and a quick ratio of 1.74. The company has a market cap of C$768.77 million, a P/E ratio of 24.18 and a beta of 1.11.

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

Diversified Royalty Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 31st will be issued a dividend of $0.0238 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, August 14th. Diversified Royalty’s payout ratio is presently 165.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DIV. Canaccord Genuity Group increased their price target on shares of Diversified Royalty from C$4.75 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Desjardins reduced their price objective on shares of Diversified Royalty from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Friday, August 14th. ATB Cormark Capital Markets decreased their target price on shares of Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a report on Friday, August 14th. Finally, Raymond James Financial increased their target price on shares of Diversified Royalty from C$4.70 to C$5.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.