Diversified Royalty (TSE:DIV) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Diversified Royalty Corp. (TSE:DIV) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$3.58 and traded as high as C$3.81. Diversified Royalty shares last traded at C$3.79, with a volume of 122,306 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC boosted their price objective on Diversified Royalty from C$3.50 to C$4.00 in a research report on Friday, November 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$3.87.

Diversified Royalty Price Performance

The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. The company has a fifty day moving average of C$3.58 and a 200-day moving average of C$3.43. The firm has a market cap of C$647.04 million, a P/E ratio of 22.35 and a beta of 0.96.

Diversified Royalty (TSE:DIV) last announced its earnings results on Thursday, November 13th. The company reported C$0.05 earnings per share for the quarter. The firm had revenue of C$19.59 million for the quarter. Diversified Royalty had a return on equity of 11.46% and a net margin of 49.25%. On average, sell-side analysts anticipate that Diversified Royalty Corp. will post 0.2 EPS for the current fiscal year.

Diversified Royalty Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a $0.0238 dividend. The ex-dividend date is Monday, December 15th. This is a boost from Diversified Royalty’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 7.5%. Diversified Royalty’s dividend payout ratio is presently 151.95%.

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.