CIBC Boosts Diversified Royalty (TSE:DIV) Price Target to C$3.10

Posted by ABMN Staff on Mar 26th, 2025

Diversified Royalty (TSE:DIV – Free Report) had its price target raised by CIBC from C$3.00 to C$3.10 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Separately, Desjardins set a C$3.75 price objective on shares of Diversified Royalty and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$3.62.

Get Our Latest Stock Analysis on Diversified Royalty

Diversified Royalty Stock Up 1.1 %

Shares of TSE DIV opened at C$2.80 on Tuesday. The company has a 50 day simple moving average of C$2.80 and a 200 day simple moving average of C$2.91. The company has a debt-to-equity ratio of 90.70, a current ratio of 4.28 and a quick ratio of 1.74. Diversified Royalty has a 1 year low of C$2.50 and a 1 year high of C$3.09. The firm has a market cap of C$428.06 million, a PE ratio of 14.62 and a beta of 1.57.

Diversified Royalty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.0208 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date is Friday, March 14th. Diversified Royalty’s dividend payout ratio is currently 130.49%.

Diversified Royalty Company Profile

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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.