Diversified Royalty (TSE:DIV) Stock Price Expected to Rise, CIBC Analyst Says

Diversified Royalty (TSE:DIV) had its price target lifted by CIBC from C$3.00 to C$3.10 in a report published on Tuesday,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Separately, Desjardins set a C$3.75 price target on Diversified Royalty and gave the stock a “buy” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$3.62.

Diversified Royalty Stock Down 0.4 %

Diversified Royalty stock opened at C$2.81 on Tuesday. The firm has a market capitalization of C$429.59 million, a P/E ratio of 14.67 and a beta of 1.57. The company has a current ratio of 4.28, a quick ratio of 1.74 and a debt-to-equity ratio of 90.70. Diversified Royalty has a twelve month low of C$2.50 and a twelve month high of C$3.09. The stock’s fifty day simple moving average is C$2.80 and its 200-day simple moving average is C$2.91.

Diversified Royalty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.88%. The ex-dividend date of this dividend is Friday, March 14th. Diversified Royalty’s dividend payout ratio is presently 130.49%.

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.