Freehold Royalties Ltd. (TSE:FRU) Receives C$16.71 Consensus PT from Analysts

Freehold Royalties Ltd. (TSE:FRU) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$16.71.

Several research firms recently issued reports on FRU. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. Canaccord Genuity Group dropped their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Finally, Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

Freehold Royalties Price Performance

Freehold Royalties stock opened at C$12.65 on Friday. The company’s 50 day simple moving average is C$13.09 and its 200-day simple moving average is C$13.58. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. Freehold Royalties has a 1 year low of C$12.06 and a 1 year high of C$14.84. The company has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last announced its earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. As a group, equities research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date is Friday, January 31st. Freehold Royalties’s dividend payout ratio is presently 108.00%.

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.