Freehold Royalties (TSE:FRU) Hits New 52-Week High – Still a Buy?

Freehold Royalties Ltd. (TSE:FRU)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$15.61 and last traded at C$15.52, with a volume of 145735 shares. The stock had previously closed at C$15.45.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. 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. Natl Bk Canada downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Canaccord Genuity Group upped 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 cut shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price target on the stock. in a research note on Friday, January 9th. Finally, Raymond James Financial raised shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and raised their price target for the company from C$14.50 to C$17.50 in a report on Tuesday, December 9th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$15.75.

Freehold Royalties Price Performance

The company’s 50 day simple moving average is C$14.96 and its 200 day simple moving average is C$13.98. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The stock has a market cap of C$2.55 billion, a P/E ratio of 19.44, a P/E/G ratio of -0.92 and a beta of 0.60.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$74.36 million during the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. As a group, equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were issued a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Friday, October 31st. Freehold Royalties’s payout ratio 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.