Freehold Royalties Ltd. (TSE:FRU) Declares $0.09 Apr 25 Dividend

Freehold Royalties Ltd. (TSE:FRU) declared a apr 25 dividend on Tuesday, April 15th, RTT News reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.09 per share on Thursday, May 15th.

Freehold Royalties Stock Up 1.6 %

TSE:FRU traded up C$0.18 during mid-day trading on Tuesday, hitting C$11.43. 659,889 shares of the company’s stock traded hands, compared to its average volume of 727,183. The company has a market capitalization of C$1.72 billion, a P/E ratio of 12.95, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a twelve month low of C$10.53 and a twelve month high of C$14.62. The company has a fifty day moving average of C$12.38 and a 200 day moving average of C$13.13. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

Analyst Ratings Changes

A number of research analysts have weighed in on FRU shares. Scotiabank upgraded Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. BMO Capital Markets upgraded shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Raymond James lowered their price objective on Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. CIBC lowered their price target on Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Finally, Desjardins lowered Freehold Royalties from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$15.00 to C$14.25 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$16.04.

About Freehold Royalties

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.