What’s Next for Diversified Royalty Corp After Today’s Huge Decline?

 What's Next for Diversified Royalty Corp After Today's Huge Decline?

The stock of Diversified Royalty Corp (TSE:DIV) is a huge mover today! About 155,646 shares traded hands. Diversified Royalty Corp (TSE:DIV) has risen 11.21% since April 11, 2016 and is uptrending. It has outperformed by 7.28% the S&P500.
The move comes after 8 months negative chart setup for the $274.21 million company. It was reported on Nov, 15 by Barchart.com. We have $2.06 PT which if reached, will make TSE:DIV worth $38.39M less.

Diversified Royalty Corp (TSE:DIV) Ratings Coverage

Out of 3 analysts covering Diversified Royalty (TSE:DIV), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.75 is the highest target while $3 is the lowest. The $3.25 average target is 35.42% above today’s ($2.4) stock price. Diversified Royalty has been the topic of 4 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The rating was initiated by Haywood Securities with “Buy” on Thursday, January 21.

More notable recent Diversified Royalty Corp (TSE:DIV) news were published by: Reuters.com which released: “BRIEF-Diversified Royalty Corp announces third quarter 2016 results” on November 14, 2016, also Reuters.com with their article: “BRIEF-Diversified Royalty Corp. announces agreement for the indirect sale …” published on September 01, 2016, Marketwired.com published: “Diversified Royalty Corp. Announces Third Quarter 2016 Results” on November 14, 2016. More interesting news about Diversified Royalty Corp (TSE:DIV) were released by: Seekingalpha.com and their article: “Diversified Royalty: Finally Stretched Too Thin” published on August 29, 2016 as well as Seekingalpha.com‘s news article titled: “Diversified Royalty: Finally, It Is Diversified (BEVFF)” with publication date: July 01, 2015.

Diversified Royalty Corp. , formerly BENEV Capital Inc., is a multi-royalty company. The company has a market cap of $274.21 million. The Firm is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). It has a 25.98 P/E ratio. The Company’s primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases.

DIV.TO Company Profile

Diversified Royalty Corp. (DIV), formerly BENEV Capital Inc., incorporated on July 29, 1992, is a multi-royalty company. The Firm is engaged in the business of acquiring royalties from multi-location businesses and franchisors in North America (Royalty Partners). The Company’s primary objectives are to purchase stable and growing royalty streams from Royalty Partners, and increase distributable cash per Share by making accretive royalty purchases.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment