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

Shares of Freehold Royalties Ltd. (TSE:FRU) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$15.75.

Several equities research analysts have recently issued reports on FRU shares. Raymond James Financial raised shares of Freehold Royalties from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$14.50 to C$17.50 in a research report on Tuesday. CIBC upped their price target on shares of Freehold Royalties from C$14.50 to C$15.25 in a research report on Friday, November 14th. Canaccord Genuity Group raised their price objective on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Finally, National Bankshares boosted their price objective on Freehold Royalties from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd.

Freehold Royalties Price Performance

Shares of FRU stock traded down C$0.19 during midday trading on Tuesday, reaching C$15.16. 261,864 shares of the company traded hands, compared to its average volume of 668,076. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$15.51. The firm has a market cap of C$2.49 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of -0.92 and a beta of 0.60. The firm’s 50 day simple moving average is C$14.32 and its two-hundred day simple moving average is C$13.54. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.

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

Freehold Royalties Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 7.1%. Freehold Royalties’s dividend payout ratio (DPR) is presently 135.00%.

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.