Freehold Royalties (TSE:FRU) Price Target Cut to C$19.00 by Analysts at Canaccord Genuity Group

Freehold Royalties (TSE:FRU) had its price objective lowered by Canaccord Genuity Group from C$19.50 to C$19.00 in a report published on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also commented on FRU. ATB Capital dropped their price target on Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. Raymond James dropped their price target on Freehold Royalties from C$20.00 to C$17.50 and set an outperform rating for the company in a research report on Friday, January 19th. CIBC dropped their price target on Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating for the company in a research report on Tuesday, January 16th. National Bankshares dropped their price target on Freehold Royalties from C$20.00 to C$17.00 and set an outperform rating for the company in a research report on Wednesday, January 10th. Finally, BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the stock a market perform rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of C$17.64.

Freehold Royalties Trading Down 0.3 %

Shares of Freehold Royalties stock opened at C$14.25 on Wednesday. The firm has a market cap of C$2.15 billion, a price-to-earnings ratio of 16.19, a PEG ratio of -0.92 and a beta of 2.01. The business has a 50-day moving average price of C$14.19 and a 200-day moving average price of C$14.14. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$15.27.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share 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%. Equities research analysts anticipate 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 Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be paid a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Monday, April 29th. Freehold Royalties’s dividend payout ratio is presently 122.73%.

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.