Freehold Royalties (TSE:FRU) Given a C$18.00 Price Target at Acumen Capital

Acumen Capital set a C$18.00 target price on Freehold Royalties (TSE:FRU) in a report issued on Wednesday, BayStreet.CA reports.

A number of other research analysts also recently commented on FRU. National Bankshares increased their target price on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an outperform rating in a report on Friday, April 19th. CIBC reduced their target price on Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating on the stock in a report on Tuesday, January 16th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the stock a market perform rating in a report on Wednesday, March 13th. Raymond James reduced their target price on Freehold Royalties from C$20.00 to C$17.50 and set an outperform rating on the stock in a report on Friday, January 19th. Finally, Canaccord Genuity Group dropped their price target on Freehold Royalties from C$19.50 to C$19.00 and set a buy rating on the stock in a research report on Wednesday, April 17th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$17.55.

Freehold Royalties Trading Down 0.3 %

Shares of FRU opened at C$14.01 on Wednesday. The company has a market capitalization of C$2.11 billion, a P/E ratio of 15.92, a P/E/G ratio of -0.92 and a beta of 2.01. Freehold Royalties has a one year low of C$12.66 and a one year high of C$15.27. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. The stock has a 50-day moving average price of C$14.30 and a 200 day moving average price of C$14.11.

Freehold Royalties (TSE:FRU) last released its earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The company had revenue of C$80.06 million for the quarter. Sell-side analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 17th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Thursday, May 30th. Freehold Royalties’s payout ratio is 122.73%.

Insider Activity at Freehold Royalties

In other Freehold Royalties news, Senior Officer Ian C. Hantke bought 8,590 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of C$13.91 per share, for a total transaction of C$119,486.90. 0.40% of the stock is owned by insiders.

About Freehold Royalties

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.