Diversified Royalty (TSE:DIV) Given New C$7.25 Price Target at ATB Cormark Capital Markets

Diversified Royalty (TSE:DIV) had its price objective decreased by ATB Cormark Capital Markets from C$7.50 to C$7.25 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 56.59% from the stock’s current price.

Several other research analysts also recently commented on the company. Desjardins boosted their target price on Diversified Royalty from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity Group raised their price target on Diversified Royalty from C$4.75 to C$5.50 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, Raymond James Financial lifted their price objective on Diversified Royalty from C$4.25 to C$4.70 and gave the company an “outperform” rating in a research report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$5.29.

Diversified Royalty Price Performance

Shares of DIV traded down C$0.06 during trading hours on Tuesday, hitting C$4.63. The stock had a trading volume of 477,757 shares, compared to its average volume of 413,893. The stock has a market capitalization of C$808.90 million, a price-to-earnings ratio of 23.15 and a beta of 1.11. The company has a debt-to-equity ratio of 103.05, a current ratio of 2.84 and a quick ratio of 1.74. The company’s fifty day moving average is C$4.63 and its two-hundred day moving average is C$4.24. Diversified Royalty has a 52 week low of C$3.20 and a 52 week high of C$4.98.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$18.80 million during the quarter. Diversified Royalty had a net margin of 49.91% and a return on equity of 12.54%. On average, analysts anticipate that Diversified Royalty will post 0.2 EPS for the current year.

Insider Buying and Selling

In related news, insider Greg Gutmanis sold 30,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 204,185 shares in the company, valued at C$990,297.25. The trade was a 12.81% decrease in their position. Also, Director Johnny Ciampi sold 147,004 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of C$4.77, for a total value of C$701,209.08. Following the transaction, the director directly owned 12,767 shares in the company, valued at approximately C$60,898.59. This represents a 92.01% decrease in their position. In the last three months, insiders sold 330,000 shares of company stock valued at $1,576,500. 0.52% of the stock is currently owned by company 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.