Freehold Royalties (TSE:FRU) Reaches New 12-Month High – What’s Next?

Shares of Freehold Royalties Ltd. (TSE:FRU) hit a new 52-week high during trading on Friday . The company traded as high as C$15.51 and last traded at C$15.23, with a volume of 419677 shares trading hands. The stock had previously closed at C$15.22.

Wall Street Analyst Weigh In

Several research firms have recently commented on FRU. CIBC upped their target price on Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. National Bankshares upped their price objective on Freehold Royalties from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Canaccord Genuity Group increased their target price on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Finally, Raymond James Financial raised shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and increased their price objective for the stock from C$14.50 to C$17.50 in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Freehold Royalties presently has an average rating of “Moderate Buy” and an average target price of C$15.75.

Freehold Royalties Price Performance

The stock has a 50-day moving average of C$14.40 and a two-hundred day moving average of C$13.58. The firm has a market cap of C$2.51 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of -0.92 and a beta of 0.60. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

Freehold Royalties (TSE:FRU) last announced its earnings results on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$74.36 million during the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. On average, analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 17th were given a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date was Friday, October 31st. Freehold Royalties’s payout ratio is presently 135.00%.

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.