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

Shares of Freehold Royalties Ltd. (TSE:FRU) have been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$17.03.

FRU has been the topic of several recent research reports. National Bank Financial downgraded shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price objective on the stock. in a report on Friday, January 9th. Scotiabank increased their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. TD Securities lowered their price target 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, March 12th. Royal Bank Of Canada increased their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Monday, April 13th. Finally, Desjardins lowered their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a report on Friday, March 13th.

Insider Transactions at Freehold Royalties

In other news, insider Colin Strem purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average cost of C$17.37 per share, with a total value of C$69,480.00. Following the completion of the acquisition, the insider owned 24,000 shares of the company’s stock, valued at approximately C$416,880. This represents a 20.00% increase in their position. Company insiders own 0.45% of the company’s stock.

Freehold Royalties Stock Down 2.7%

FRU stock opened at C$17.41 on Friday. The firm’s fifty day simple moving average is C$17.38 and its 200-day simple moving average is C$16.03. The company has a market capitalization of C$2.85 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. The company has a debt-to-equity ratio of 28.51, a current ratio of 1.41 and a quick ratio of 1.50. Freehold Royalties has a 12 month low of C$11.21 and a 12 month 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 business had revenue of C$69.76 million for the quarter. Freehold Royalties had a net margin of 29.28% and a return on equity of 8.82%. As a group, equities research analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 6.2%. Freehold Royalties’s dividend payout ratio is 192.86%.

About Freehold Royalties

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.