Freehold Royalties Ltd. (TSE:FRU) Receives C$17.75 Average PT from Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$17.75.

FRU has been the topic of several research reports. Canaccord Genuity Group dropped their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. CIBC lowered their price target on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Raymond James cut their price target on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, National Bankshares upped their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, April 19th.

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$13.95 on Friday. The company has a 50 day moving average of C$14.30 and a 200 day moving average of C$14.13. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. Freehold Royalties has a twelve month low of C$12.66 and a twelve month high of C$15.27. The firm has a market cap of C$2.10 billion, a P/E ratio of 15.85, a PEG ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. As a group, research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Monday, April 29th. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.73%.

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.