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

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DIV shares. Desjardins boosted their target price on shares of 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. Canadian Imperial Bank of Commerce lifted their price objective on shares of Diversified Royalty from C$3.50 to C$4.00 in a report on Friday, November 14th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$4.03.

Diversified Royalty Stock Performance

The company has a market capitalization of C$712.01 million, a price-to-earnings ratio of 24.53 and a beta of 0.99. The firm has a fifty day simple moving average of C$3.88 and a 200 day simple moving average of 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 declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 27th will be paid a $0.0238 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 6.8%. Diversified Royalty’s dividend payout ratio (DPR) is currently 151.95%.

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.