Greg Gutmanis Sells 30,000 Shares of Diversified Royalty (TSE:DIV) Stock

Diversified Royalty Corp. (TSE:DIV) insider Greg Gutmanis sold 30,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$4.85, for a total transaction of C$145,500.00. Following the completion of the sale, the insider owned 204,185 shares in the company, valued at C$990,297.25. This represents a 12.81% decrease in their ownership of the stock.

Diversified Royalty Price Performance

TSE:DIV opened at C$4.76 on Wednesday. The company has a 50-day moving average of C$4.35 and a 200-day moving average of C$4.05. The company has a market capitalization of C$815.24 million, a price-to-earnings ratio of 23.80 and a beta of 1.07. Diversified Royalty Corp. has a 52 week low of C$2.87 and a 52 week high of C$4.93. The company has a debt-to-equity ratio of 103.05, a quick ratio of 1.74 and a current ratio of 2.84.

Diversified Royalty (TSE:DIV) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.04 EPS for the quarter. The company 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%. As a group, equities research analysts anticipate that Diversified Royalty Corp. will post 0.2 earnings per share for the current fiscal year.

Diversified Royalty Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 29th were issued a dividend of $0.0238 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Friday, May 15th. Diversified Royalty’s dividend payout ratio (DPR) is presently 137.51%.

Analyst Ratings Changes

A number of research firms have recently commented on DIV. Raymond James Financial raised their price objective on shares of Diversified Royalty from C$4.25 to C$4.70 and gave the stock an “outperform” rating in a report on Wednesday, May 20th. ATB Cormark Capital Markets raised their price objective on shares of Diversified Royalty from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Canaccord Genuity Group raised their price objective on shares of Diversified Royalty from C$4.75 to C$5.50 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Finally, Desjardins raised their price objective on shares of Diversified Royalty from C$4.50 to C$4.75 and gave the stock a “buy” rating in a report on Tuesday, May 19th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$4.89.

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.