Published On: Thu, Sep 8th, 2016

Diversified Royalty Corp to Post FY2016 Earnings of $0.15 Per Share, Beacon Securities Forecasts (DIV)

Diversified Royalty Corp (TSE:DIV) – Equities researchers at Beacon Securities reduced their FY2016 earnings per share (EPS) estimates for shares of Diversified Royalty Corp in a note issued to investors on Tuesday. Beacon Securities analyst G. Trapkov now expects that the firm will earn $0.15 per share for the year, down from their prior estimate of $0.16. Beacon Securities also issued estimates for Diversified Royalty Corp’s FY2017 earnings at $0.19 EPS.
Separately, Paradigm Capital dropped their price objective on shares of Diversified Royalty Corp from C$4.00 to C$3.50 and set a “buy” rating for the company in a research note on Wednesday, August 17th.
Shares of Diversified Royalty Corp (TSE:DIV) traded down 0.41% on Thursday, hitting $2.41. 65,140 shares of the company traded hands. The firm’s 50-day moving average is $2.31 and its 200 day moving average is $2.26. The firm has a market capitalization of $274.31 million and a P/E ratio of 27.08. Diversified Royalty Corp has a 1-year low of $1.96 and a 1-year high of $2.79.

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The company also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.0185 per share. This represents a $0.22 annualized dividend and a yield of 9.17%. The ex-dividend date of this dividend is Tuesday, September 13th.
In other news, Director Lance Tracey sold 25,000 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of C$2.42, for a total transaction of C$60,500.00. Also, Director Kevin Arnold Giese sold 49,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of C$2.35, for a total transaction of C$116,325.00.
Diversified Royalty Corp Company Profile
Diversified Royalty Corp, also known as DIV, is a Canada-based multi-royalty corporation for franchises. The Company is engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. Its aim is to acquire predictable royalty streams from a diverse group of multi-location businesses and franchisors.

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