Diversified Royalty (TSE:DIV) Director Johnny Ciampi Purchases 100,000 Shares of Stock

Diversified Royalty Corp. (TSE:DIV) Director Johnny Ciampi purchased 100,000 shares of Diversified Royalty stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of C$3.99 per share, with a total value of C$399,000.00. Following the transaction, the director directly owned 112,767 shares in the company, valued at approximately C$449,940.33. The trade was a 783.27% increase in their ownership of the stock.

Johnny Ciampi also recently made the following trade(s):

• On Monday, June 8th, Johnny Ciampi sold 147,004 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total value of C$701,209.08.
• On Monday, June 8th, Johnny Ciampi sold 152,996 shares of Diversified Royalty stock. The shares were sold at an average price of C$4.77, for a total value of C$729,790.92.

Diversified Royalty Stock Performance

DIV opened at C$4.07 on Thursday. The company has a debt-to-equity ratio of 212.48, a current ratio of 0.49 and a quick ratio of 1.74. Diversified Royalty Corp. has a 1-year low of C$3.37 and a 1-year high of C$4.98. The company has a 50 day simple moving average of C$4.60 and a two-hundred day simple moving average of C$4.39. The firm has a market cap of C$761.29 million, a P/E ratio of 23.94 and a beta of 1.11.

Diversified Royalty (TSE:DIV) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.02 earnings per share (EPS) for the quarter. Diversified Royalty had a net margin of 39.72% and a return on equity of 10.39%. The business had revenue of C$19.48 million during the quarter. Equities analysts forecast that Diversified Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Diversified Royalty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be issued a dividend of $0.0238 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date is Friday, August 14th. Diversified Royalty’s dividend payout ratio is presently 165.69%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DIV. Desjardins reduced their target price on Diversified Royalty from C$5.00 to C$4.75 and set a “buy” rating on the stock in a research note on Friday, August 14th. Raymond James Financial increased their target price on Diversified Royalty from C$4.70 to C$5.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. ATB Cormark Capital Markets cut their price objective on shares of Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating on the stock in a research report on Friday, August 14th. Finally, Canaccord Genuity Group raised their price target 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. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$5.25.

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.