The Globe and Mail reports in its Wednesday, Sept. 25, edition that Ventum Capital Markets analyst Devin Schilling has resumed coverage on Diversified Royalty with a "buy" recommendation and $4 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.85. Mr. Schilling says in a note: "We view [Diversified Royalty] as a top name to own in a declining interest rate environment as high-yield stocks tend to perform well as investors pursue yield. As interest rates fall, bonds and other fixed-income investments yield less, making high-yield stocks more attractive to income-seeking investors. This dynamic could increase demand for [Diversified Royalty] shares and provide a nice tailwind for the foreseeable future. We see the potential for a dividend increase in 2025 given the modest and declining payout ratio (88.6 per cent last quarter) and the growth prospects from the underlying portfolio." The Globe reported on Oct. 6 that CIBC rated Diversified Royalty "outperformer" when it was worth $2.56. The Globe reported on Feb. 9 that Raymond James analyst Michael Glen rated Diversified Royalty "outperform" in new coverage. It was then worth $2.87.