Desjardins Has Lowered Expectations for Diversified Royalty (TSE:DIV) Stock Price

Diversified Royalty (TSE:DIV) had its price target decreased by analysts at Desjardins from C$5.00 to C$4.75 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 18.45% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Raymond James Financial lifted their price objective on Diversified Royalty from C$4.70 to C$5.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. ATB Cormark Capital Markets reduced their price target on shares of Diversified Royalty from C$7.50 to C$7.25 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Finally, Canaccord Genuity Group boosted 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. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$5.25.

Diversified Royalty Stock Down 1.7%

DIV traded down C$0.07 during trading on Friday, hitting C$4.01. 2,934,832 shares of the company’s stock traded hands, compared to its average volume of 454,181. The stock has a market capitalization of C$750.06 million, a price-to-earnings ratio of 20.05 and a beta of 1.11. The company’s 50 day simple moving average is C$4.65 and its two-hundred day simple moving average is C$4.39. Diversified Royalty has a 12-month low of C$3.37 and a 12-month high of C$4.98. The company has a current ratio of 2.84, a quick ratio of 1.74 and a debt-to-equity ratio of 103.05.

Diversified Royalty (TSE:DIV) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.02 earnings per share for the quarter. The firm had revenue of C$19.48 million during the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%. Analysts predict that Diversified Royalty will post 0.2 earnings per share for the current fiscal year.

Insider Activity at Diversified Royalty

In related news, Director Johnny Ciampi sold 152,996 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were 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 directly owned 839,469 shares of the company’s stock, valued at approximately C$4,004,267.13. This trade represents a 15.42% decrease in their ownership of the stock. Also, insider Greg Gutmanis sold 30,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$4.85, for a total transaction of C$145,500.00. Following the completion of the sale, the insider owned 204,185 shares in the company, valued at approximately C$990,297.25. The trade was a 12.81% decrease in their position. Insiders sold a total of 330,000 shares of company stock valued at $1,576,500 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

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.