Freehold Royalties Ltd. (TSE:FRU) Receives C$17.75 Average Price Target from Brokerages

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

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

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$14.05 on Friday. The firm has a 50-day simple moving average of C$14.30 and a 200-day simple moving average of C$14.12. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. The stock has a market capitalization of C$2.12 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$15.27.

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

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date of this dividend is Thursday, May 30th. Freehold Royalties’s payout ratio is 122.73%.

Freehold Royalties Company Profile

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.