Diversified Royalty (TSE:DIV) Price Target Raised to C$5.00 at Desjardins

Diversified Royalty (TSE:DIV) had its price objective upped by stock analysts at Desjardins from C$4.75 to C$5.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 7.99% from the company’s current price.

DIV has been the subject of a number of other research reports. Raymond James Financial boosted their price target on shares of Diversified Royalty from C$4.25 to C$4.70 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group lifted their price objective on shares of Diversified Royalty from C$4.75 to C$5.50 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, ATB Cormark Capital Markets boosted their target price on shares of Diversified Royalty from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$5.29.

Diversified Royalty Trading Down 1.3%

Shares of DIV traded down C$0.06 during trading hours on Tuesday, hitting C$4.63. 477,757 shares of the stock were exchanged, compared to its average volume of 413,893. Diversified Royalty has a fifty-two week low of C$3.20 and a fifty-two week high of C$4.98. The company has a debt-to-equity ratio of 103.05, a current ratio of 2.84 and a quick ratio of 1.74. The business has a 50-day moving average of C$4.63 and a 200-day moving average of C$4.24. The firm has a market capitalization of C$808.90 million, a P/E ratio of 23.15 and a beta of 1.11.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$18.80 million for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. On average, research analysts expect that Diversified Royalty will post 0.2 EPS for the current year.

Insider Activity

In other news, Director Johnny Ciampi sold 147,004 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of C$4.77, for a total value of C$701,209.08. Following the completion of the transaction, the director directly owned 12,767 shares of the company’s stock, valued at C$60,898.59. This represents a 92.01% decrease in their ownership of the stock. Also, insider Greg Gutmanis sold 30,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$4.85, for a total value of C$145,500.00. Following the sale, the insider directly owned 204,185 shares of the company’s stock, valued at C$990,297.25. The trade was a 12.81% decrease in their ownership of the stock. In the last quarter, insiders sold 330,000 shares of company stock valued at $1,576,500. Company insiders own 0.52% of the company’s stock.

Diversified Royalty Company Profile

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.