Freehold Royalties (TSE:FRU) Stock Crosses Above 200-Day Moving Average of $14.14

Freehold Royalties Ltd. (TSE:FRU)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.14 and traded as high as C$14.51. Freehold Royalties shares last traded at C$14.47, with a volume of 336,560 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Canaccord Genuity Group dropped their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. ATB Capital lowered their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. Raymond James lowered their target price 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. CIBC lowered 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 research note on Tuesday, January 16th. Finally, BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$17.75.

Freehold Royalties Trading Up 1.3 %

The stock has a market capitalization of C$2.18 billion, a PE ratio of 16.44, a PEG ratio of -0.92 and a beta of 2.01. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. The business’s 50-day moving average is C$14.27 and its two-hundred day moving average is C$14.14.

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

Freehold Royalties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.46%. Freehold Royalties’s payout ratio is 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.