Freehold Royalties (TSE:FRU) Reaches New 52-Week High – Should You Buy?

Freehold Royalties Ltd. (TSE:FRU) shares reached a new 52-week high on Monday . The stock traded as high as C$16.18 and last traded at C$16.18, with a volume of 333137 shares changing hands. The stock had previously closed at C$16.08.

Analysts Set New Price Targets

A number of equities research analysts have commented on FRU shares. Canaccord Genuity Group lifted their target price on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. National Bankshares lowered Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price objective for the company. in a report on Friday, January 9th. CIBC upped their price objective on Freehold Royalties from C$14.50 to C$15.25 in a research report on Friday, November 14th. Scotiabank upped 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 research report on Tuesday, January 20th. Finally, Natl Bk Canada cut shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Freehold Royalties currently has a consensus rating of “Hold” and a consensus target price of C$15.79.

Freehold Royalties Trading Up 0.6%

The stock has a 50 day moving average of C$15.18 and a 200-day moving average of C$14.15. The company has a market capitalization of C$2.65 billion, a P/E ratio of 20.23, a P/E/G ratio of -0.92 and a beta of 0.60. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.

Freehold Royalties (TSE:FRU) last released its earnings results on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$74.36 million for the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. On average, research analysts predict that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were paid a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, October 31st. Freehold Royalties’s dividend payout ratio (DPR) is 135.00%.

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