Insider Buying: Diversified Royalty (TSE:DIV) Director Acquires C$399,000.00 in Stock

Diversified Royalty Corp. (TSE:DIV) Director Johnny Ciampi purchased 100,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of C$3.99 per share, with a total value of C$399,000.00. Following the acquisition, 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 stock was sold at an average price of C$4.77, for a total value of C$729,790.92.

Diversified Royalty Stock Performance

Shares of Diversified Royalty stock opened at C$4.11 on Friday. The stock has a 50 day moving average of C$4.57 and a 200 day moving average of C$4.39. The company has a debt-to-equity ratio of 212.48, a quick ratio of 1.74 and a current ratio of 0.49. The firm has a market capitalization of C$768.77 million, a price-to-earnings ratio of 24.18 and a beta of 1.11. Diversified Royalty Corp. has a fifty-two week low of C$3.39 and a fifty-two week high of C$4.98.

Diversified Royalty (TSE:DIV) last posted its earnings results on Wednesday, August 12th. The company reported C$0.02 EPS for the quarter. Diversified Royalty had a return on equity of 10.39% and a net margin of 39.72%.The company had revenue of C$19.48 million for the quarter. As a group, research analysts predict that Diversified Royalty Corp. will post 0.2 earnings per share for the current year.

Diversified Royalty Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 31st will be issued a $0.0238 dividend. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, August 14th. Diversified Royalty’s payout ratio is 165.69%.

Analysts Set New Price Targets

DIV has been the subject of several research analyst reports. Desjardins lowered their target price on shares of Diversified Royalty from C$5.00 to C$4.75 and set a “buy” rating for the company in a research note on Friday, August 14th. Raymond James Financial upped their price objective on shares of Diversified Royalty from C$4.70 to C$5.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Canaccord Genuity Group increased 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 research report on Wednesday, May 20th. Finally, ATB Cormark Capital Markets dropped their target price on shares of Diversified Royalty from C$7.25 to C$7.00 and set an “outperform” rating for the company in a report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Diversified Royalty presently has a consensus rating of “Buy” and an average price target of C$5.25.

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.