Diversified Royalty (TSE:DIV) Director Johnny Ciampi Sells 152,996 Shares

Diversified Royalty Corp. (TSE:DIV) Director Johnny Ciampi sold 152,996 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$729,790.92. Following the transaction, the director owned 839,469 shares of the company’s stock, valued at approximately C$4,004,267.13. The trade was a 15.42% decrease 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 stock was sold at an average price of C$4.77, for a total transaction of C$701,209.08.

Diversified Royalty Stock Performance

Shares of TSE:DIV traded up C$0.07 on Monday, hitting C$4.76. The company’s stock had a trading volume of 888,209 shares, compared to its average volume of 387,842. The company has a market capitalization of C$815.24 million, a price-to-earnings ratio of 23.80 and a beta of 1.06. The stock’s 50-day moving average is C$4.41 and its two-hundred day moving average is C$4.08. 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 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 announced its earnings results on Thursday, May 14th. The company reported C$0.04 earnings per share for the quarter. Diversified Royalty had a return on equity of 12.54% and a net margin of 49.91%.The business had revenue of C$18.80 million during the quarter. On average, equities research analysts forecast that Diversified Royalty Corp. will post 0.2 EPS for the current year.

Diversified Royalty Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on DIV. Desjardins lifted 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 research report on Tuesday, May 19th. Canaccord Genuity Group lifted their target price on Diversified Royalty from C$4.75 to C$5.50 and gave the company a “buy” rating in a research note on Wednesday, May 20th. ATB Cormark Capital Markets lifted their price target on Diversified Royalty from C$5.00 to C$5.50 and gave the company an “outperform” rating in a report on Thursday, May 21st. Finally, Raymond James Financial boosted their price target on Diversified Royalty from C$4.25 to C$4.70 and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$4.89.

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.