Freehold Royalties (TSE:FRU) Shares Down 3.6% – What’s Next?

Freehold Royalties Ltd. (TSE:FRU) shares dropped 3.6% on Tuesday . The company traded as low as C$13.04 and last traded at C$13.16. Approximately 3,532,615 shares were traded during trading, an increase of 665% from the average daily volume of 461,979 shares. The stock had previously closed at C$13.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FRU shares. Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group cut their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Finally, Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.35.

Freehold Royalties Stock Down 3.6 %

The stock has a market cap of C$1.98 billion, a P/E ratio of 13.16, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The firm’s fifty day moving average is C$13.95 and its 200 day moving average is C$13.80.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.21%. Freehold Royalties’s payout ratio is presently 108.00%.

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.