Freehold Royalties Ltd. (TSE:FRU) Receives Consensus Rating of “Moderate Buy” from Analysts

Freehold Royalties Ltd. (TSE:FRU) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$17.75.

FRU has been the topic of several recent research reports. Canaccord Genuity Group decreased their price objective on Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets set a C$15.00 price target on shares of Freehold Royalties and gave the company a “market perform” rating in a report on Wednesday, March 13th. Raymond James reduced their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a research note on Friday, January 19th. National Bankshares lifted their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, CIBC dropped their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th.

Freehold Royalties Stock Down 0.6 %

Shares of FRU stock opened at C$14.05 on Friday. The company has a 50 day simple moving average of C$14.30 and a two-hundred day simple moving average of C$14.12. The stock has a market cap of C$2.12 billion, a P/E ratio of 15.97, a P/E/G ratio of -0.92 and a beta of 2.01. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$80.06 million during the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. On average, research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 7.69%. The ex-dividend date is Thursday, May 30th. Freehold Royalties’s payout ratio is currently 122.73%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.