Diversified Royalty Corp. (TSE:DIV – Get Free Report) insider Greg Gutmanis sold 30,000 shares of Diversified Royalty stock in a transaction dated Friday, May 29th. The stock was sold at an average price of C$4.85, for a total value of C$145,500.00. Following the completion of the sale, the insider directly owned 204,185 shares in the company, valued at C$990,297.25. This trade represents a 12.81% decrease in their ownership of the stock.
Diversified Royalty Trading Down 1.5%
Shares of DIV stock opened at C$4.69 on Thursday. Diversified Royalty Corp. has a 12-month low of C$2.87 and a 12-month high of C$4.93. The company has a current ratio of 2.84, a quick ratio of 1.74 and a debt-to-equity ratio of 103.05. The stock’s 50-day moving average price is C$4.38 and its 200-day moving average price is C$4.06. The stock has a market capitalization of C$803.25 million, a price-to-earnings ratio of 23.45 and a beta of 1.07.
Diversified Royalty (TSE:DIV – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%.The firm had revenue of C$18.80 million for the quarter. Equities research analysts predict that Diversified Royalty Corp. will post 0.2 EPS for the current fiscal year.
Diversified Royalty Dividend Announcement
Analyst Ratings Changes
DIV has been the subject of several recent research reports. Canaccord Genuity Group lifted their price target on Diversified Royalty from C$4.75 to C$5.50 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Desjardins lifted their price target on Diversified Royalty from C$4.50 to C$4.75 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. ATB Cormark Capital Markets lifted their price target 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, Raymond James Financial lifted 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diversified Royalty currently has an average rating of “Moderate Buy” and a consensus price target of C$4.89.
Get Our Latest Report on Diversified Royalty
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.
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