Diversified Royalty (DIV) PT Lowered to C$4.00 at Pi Financial

Diversified Royalty (TSE:DIV) had its price objective trimmed by Pi Financial from C$4.25 to C$4.00 in a research report released on Wednesday morning. The firm currently has a buy rating on the stock.

Shares of Diversified Royalty stock opened at C$3.12 on Wednesday. The stock has a market capitalization of $340.91 million and a price-to-earnings ratio of 28.36. Diversified Royalty has a fifty-two week low of C$2.55 and a fifty-two week high of C$3.41. The company has a debt-to-equity ratio of 59.23, a current ratio of 56.60 and a quick ratio of 56.53.

Diversified Royalty (TSE:DIV) last issued its quarterly earnings data on Monday, March 11th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$7.17 million during the quarter, compared to analyst estimates of C$7.22 million. On average, sell-side analysts predict that Diversified Royalty will post 0.180000011042945 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 28th were given a $0.0185 dividend. The ex-dividend date of this dividend was Tuesday, February 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 7.12%. Diversified Royalty’s dividend payout ratio (DPR) is currently 202.25%.

Diversified Royalty Company Profile

Diversified Royalty Corp., a multi-royalty corporation, engages in the acquisition of royalties from multi-location businesses and franchisors in North America. It primarily holds the Canadian and United States trademarks and other intellectual property rights related to the Original Joe's, Elephant & Castle, and State & Main restaurant businesses.

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