Diversified Royalty (TSE:DIV) Insider Greg Gutmanis Sells 30,000 Shares

Diversified Royalty Corp. (TSE:DIV) insider Greg Gutmanis sold 30,000 shares of the business’s stock in a transaction 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 transaction, the insider owned 204,185 shares of the company’s stock, valued at approximately C$990,297.25. The trade was a 12.81% decrease in their position.

Diversified Royalty Trading Down 2.0%

Shares of TSE DIV opened at C$4.80 on Tuesday. Diversified Royalty Corp. has a twelve month low of C$2.87 and a twelve month high of C$4.93. The firm has a market cap of C$822.09 million, a PE ratio of 24.00 and a beta of 1.07. The business has a fifty day simple moving average of C$4.35 and a two-hundred day simple moving average of C$4.05. The company has a quick ratio of 1.74, a current ratio of 2.84 and a debt-to-equity ratio of 103.05.

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

Diversified Royalty Dividend Announcement

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

Analyst Upgrades and Downgrades

DIV has been the subject of several research reports. Canaccord Genuity Group upped their target price on Diversified Royalty from C$4.75 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, May 20th. ATB Cormark Capital Markets upped their target price on Diversified Royalty from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Desjardins upped their target price on Diversified Royalty from C$4.50 to C$4.75 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Finally, Raymond James Financial boosted 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. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.89.

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.