Freehold Royalties (TSE:FRU) Hits New 52-Week High – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU) hit a new 52-week high on Tuesday . The stock traded as high as C$14.58 and last traded at C$14.53, with a volume of 210733 shares changing hands. The stock had previously closed at C$14.35.

Wall Street Analysts Forecast Growth

Separately, National Bankshares lifted their target price on shares of Freehold Royalties from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$14.50.

Freehold Royalties Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The stock’s 50 day moving average price is C$13.77 and its 200 day moving average price is C$13.11. The company has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of -0.92 and a beta of 0.53.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 7.5%. Freehold Royalties’s dividend payout ratio (DPR) is currently 142.11%.

Freehold Royalties Company Profile

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.