Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$17.35.

FRU has been the subject of several recent analyst reports. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Canaccord Genuity Group lowered their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, Raymond James raised Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th.

Freehold Royalties Price Performance

TSE:FRU opened at C$14.10 on Tuesday. The stock’s 50-day simple moving average is C$13.85 and its 200 day simple moving average is C$13.83. Freehold Royalties has a 52-week low of C$12.66 and a 52-week high of C$14.84. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The company has a market cap of C$2.12 billion, a P/E ratio of 14.10, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 7.66%. The ex-dividend date is Friday, November 29th. Freehold Royalties’s payout ratio is 108.00%.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.