Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of “Hold” by Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$16.84.

FRU has been the topic of several research reports. Canaccord Genuity Group raised their price target on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Friday, November 14th. Scotiabank increased their price objective on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada downgraded shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$17.00 target price on the stock. in a research note on Friday. TD Securities reduced their target price on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday. Finally, National Bank Financial cut shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price target for the company. in a research report on Friday, January 9th.

Freehold Royalties Trading Down 0.5%

FRU stock traded down C$0.09 during trading on Friday, reaching C$16.99. 1,133,657 shares of the stock traded hands, compared to its average volume of 750,928. The firm has a market capitalization of C$2.79 billion, a PE ratio of 21.24, a P/E/G ratio of -0.92 and a beta of 0.65. The company has a debt-to-equity ratio of 27.54, a current ratio of 1.63 and a quick ratio of 1.50. The business’s 50 day moving average price is C$16.55 and its 200-day moving average price is 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 (TSE:FRU) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.31 EPS for the quarter. The company 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%. As a group, sell-side analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be given 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 6.4%. Freehold Royalties’s dividend payout ratio is presently 135.00%.

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.