Brokerages Set Freehold Royalties Ltd. (TSE:FRU) PT at C$17.35

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$17.35.

FRU has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Raymond James raised Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Finally, Scotiabank reduced their price target on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th.

Freehold Royalties Stock Down 1.0 %

TSE FRU opened at C$13.73 on Friday. 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 stock’s 50 day moving average is C$13.81 and its two-hundred day moving average is C$13.90. The company has a market capitalization of C$2.07 billion, a price-to-earnings ratio of 13.67, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.06.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$84.50 million for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. Equities analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.08 dividend on an annualized basis and a yield of 7.87%. Freehold Royalties’s payout ratio is 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.