Diversified Royalty (TSE:DIV) Director Sells C$729,790.92 in Stock

Diversified Royalty Corp. (TSE:DIV) Director Johnny Ciampi sold 152,996 shares of Diversified Royalty stock in a transaction on Monday, June 8th. The stock was sold at an average price of C$4.77, for a total transaction of C$729,790.92. Following the completion of the transaction, the director owned 839,469 shares in the company, valued at C$4,004,267.13. This trade represents a 15.42% decrease 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.

Diversified Royalty Stock Performance

Shares of Diversified Royalty stock traded up C$0.07 during trading on Monday, reaching C$4.76. The company’s stock had a trading volume of 888,209 shares, compared to its average volume of 387,842. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84. The business’s fifty day moving average price is C$4.41 and its 200-day moving average price is C$4.08. The firm has a market cap of C$815.24 million, a price-to-earnings ratio of 23.80 and a beta of 1.06. Diversified Royalty Corp. has a one year low of C$2.87 and a one year high of C$4.93.

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

Diversified Royalty Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 29th were given a dividend of $0.0238 per share. The ex-dividend date was Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. Diversified Royalty’s dividend payout ratio (DPR) is 137.51%.

Analyst Ratings Changes

A number of brokerages recently weighed in 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 company a “buy” rating in a research report on Wednesday, May 20th. Raymond James Financial raised their price target on Diversified Royalty from C$4.25 to C$4.70 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. ATB Cormark Capital Markets upped their price objective on 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. Finally, Desjardins lifted their target price on Diversified Royalty from C$4.50 to C$4.75 and gave the company a “buy” rating in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$4.89.

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.