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

Shares of Freehold Royalties Ltd. (TSE:FRU) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$17.03.

FRU has been the subject of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday. Raymond James Financial downgraded shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. Scotiabank boosted their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Desjardins reduced their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a report on Friday, March 13th. Finally, TD Securities cut their price objective on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th.

Insider Buying and Selling at Freehold Royalties

In related news, insider Colin Strem acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were 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 purchase, the insider directly owned 24,000 shares in the company, valued at C$416,880. This trade represents a 20.00% increase in their ownership of the stock. 0.45% of the stock is currently owned by corporate insiders.

Freehold Royalties Stock Performance

Shares of FRU opened at C$17.24 on Tuesday. Freehold Royalties has a 1 year low of C$11.10 and a 1 year high of C$18.22. The company has a market cap of C$2.83 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of -0.92 and a beta of 0.55. The company has a debt-to-equity ratio of 28.51, a quick ratio of 1.50 and a current ratio of 1.41. The firm has a fifty day moving average of C$17.25 and a 200-day moving average of C$15.66.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 29.28% and a return on equity of 8.82%. The company had revenue of C$69.76 million during the quarter. As a group, equities analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, March 31st. Freehold Royalties’s payout ratio is currently 192.86%.

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.