Freehold Royalties Ltd. (TSE:FRU) Given Average Rating of “Hold” by Brokerages

Freehold Royalties Ltd. (TSE:FRU) has been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$17.03.

A number of equities analysts have commented on the company. Royal Bank Of Canada lifted their target price on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, April 13th. TD Securities reduced their price objective on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Desjardins reduced their price objective on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Finally, Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$17.50 to C$18.00 in a research report on Monday, March 30th.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$16.44 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 30.45. The business has a 50 day moving average of C$17.29 and a two-hundred day moving average of C$16.67. Freehold Royalties has a 52 week low of C$12.54 and a 52 week high of C$18.22. The company has a market cap of C$2.70 billion, a P/E ratio of 30.44, a PEG ratio of -0.92 and a beta of 0.56.

Freehold Royalties (TSE:FRU) last issued its earnings results on Tuesday, May 12th. The company reported C$0.21 EPS for the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%.The company had revenue of C$77.82 million during the quarter. As a group, analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.6%. Freehold Royalties’s payout ratio is currently 200.00%.

Insider Activity

In other Freehold Royalties news, insider Colin Strem acquired 4,000 shares of Freehold Royalties stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the transaction, the insider owned 24,000 shares in the company, valued at approximately C$416,880. This represents a 20.00% increase in their position. Corporate insiders own 0.45% of the company’s stock.

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. The majority of its revenue is generated from Canada Segment.