Freehold Royalties Ltd. (TSE:FRU) Receives C$17.75 Average PT from Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$17.75.

Several research analysts have recently issued reports on the company. National Bankshares lifted their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Canaccord Genuity Group cut their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a research note on Wednesday, April 17th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Raymond James dropped 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, CIBC lowered their price objective on shares of 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.

Freehold Royalties Trading Down 0.4 %

Shares of TSE:FRU opened at C$13.95 on Friday. The firm has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01. The business’s 50 day moving average price is C$14.30 and its 200-day moving average price is C$14.13. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.27. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last posted 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 net margin of 41.93% and a return on equity of 14.00%. On average, equities research analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a yield of 7.74%. Freehold Royalties’s payout ratio is currently 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.