Could Diversified Royalty Corp Rise Even More? The Stock Had Another Big Increase Today

 Could Diversified Royalty Corp Rise Even More? The Stock Had Another Big Increase Today

The stock of Diversified Royalty Corp (TSE:DIV) is a huge mover today! About 44,480 shares traded hands. Diversified Royalty Corp (TSE:DIV) has risen 3.39% since April 22, 2016 and is uptrending. It has underperformed by 2.62% the S&P500.
The move comes after 6 months positive chart setup for the $279.92M company. It was reported on Nov, 28 by Barchart.com. We have $2.62 PT which if reached, will make TSE:DIV worth $19.59M more.

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 32.65% above today’s ($2.45) stock price. Diversified Royalty has been the topic of 4 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, January 21 by Haywood Securities.

More recent Diversified Royalty Corp (TSE:DIV) news were published by: Finance.Yahoo.com which released: “Diversified Royalty Corp. Announces Third Quarter 2016 Results” on November 14, 2016. Also Reuters.com published the news titled: “BRIEF-Diversified Royalty Corp announces third quarter 2016 results” on November 14, 2016. Seekingalpha.com‘s news article titled: “Diversified Royalty: Finally Stretched Too Thin” with publication date: August 29, 2016 was also an interesting one.

Diversified Royalty Corp. , formerly BENEV Capital Inc., is a multi-royalty company. The company has a market cap of $279.92 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 39.24 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.

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