Cormark Lifts Earnings Estimates for Diversified Royalty

Diversified Royalty Corp. (TSE:DIV) – Equities researchers at Cormark upped their FY2025 EPS estimates for Diversified Royalty in a report issued on Friday, May 16th. Cormark analyst J. Fenwick now anticipates that the company will post earnings per share of $0.20 for the year, up from their prior estimate of $0.19. The consensus estimate for Diversified Royalty’s current full-year earnings is $0.20 per share.

A number of other brokerages have also weighed in on DIV. CIBC lifted their price target on shares of Diversified Royalty from C$3.00 to C$3.10 and gave the company a “neutral” rating in a report on Tuesday, March 25th. Desjardins set a C$3.75 price objective on Diversified Royalty and gave the company a “buy” rating in a research note on Wednesday, February 26th.

Diversified Royalty Stock Down 1.7%

Shares of TSE DIV opened at C$2.92 on Monday. Diversified Royalty has a 1 year low of C$2.50 and a 1 year high of C$3.09. The firm’s 50 day moving average price is C$2.82 and its 200 day moving average price is C$2.87. The firm has a market cap of C$446.41 million, a P/E ratio of 15.24 and a beta of 1.57. The company has a debt-to-equity ratio of 90.70, a quick ratio of 1.74 and a current ratio of 4.28.

Diversified Royalty Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.0208 per share. This represents a $0.25 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend is Thursday, May 15th. Diversified Royalty’s payout ratio is currently 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.