Freehold Royalties (TSE:FRU) Announces Earnings Results

Freehold Royalties (TSE:FRU) posted its quarterly earnings results on Wednesday. The company reported C$0.31 EPS for the quarter, FiscalAI reports. The business had revenue of C$69.76 million for the quarter. Freehold Royalties had a return on equity of 12.09% and a net margin of 40.19%.

Freehold Royalties Trading Down 5.0%

Shares of FRU opened at C$17.08 on Friday. The company has a market cap of C$2.80 billion, a price-to-earnings ratio of 21.35, a PEG ratio of -0.92 and a beta of 0.65. The company has a debt-to-equity ratio of 27.54, a quick ratio of 1.50 and a current ratio of 1.63. The stock has a fifty day moving average price of C$16.55 and a two-hundred day moving average price of C$15.05. Freehold Royalties has a 52-week low of C$10.53 and a 52-week high of C$18.22.

Freehold Royalties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 16th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 6.3%. Freehold Royalties’s payout ratio is presently 135.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Securities lowered their price target on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday. National Bank Financial lowered Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price objective for the company. in a research note on Friday, January 9th. Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. Scotiabank upped their price target on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Canaccord Genuity Group raised their price objective on Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$16.54.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.