Freehold Royalties (TSE:FRU) Shares Down 6.5% – What’s Next?

Freehold Royalties Ltd. (TSE:FRU) shares fell 6.5% on Thursday . The stock traded as low as C$15.80 and last traded at C$16.80. 455,178 shares were traded during trading, a decline of 34% from the average session volume of 692,805 shares. The stock had previously closed at C$17.97.

Analysts Set New Price Targets

A number of brokerages have issued reports on FRU. National Bank Financial cut shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price objective on the stock. in a research report on Friday, January 9th. Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$14.50 to C$17.50 in a report on Tuesday, December 9th. Canaccord Genuity Group raised their target price on Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. Canadian Imperial Bank of Commerce boosted their price target on Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Finally, Scotiabank increased their price objective on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$15.79.

Freehold Royalties Price Performance

The stock has a market cap of C$2.71 billion, a PE ratio of 20.68, a P/E/G ratio of -0.92 and a beta of 0.65. The business has a fifty day simple moving average of C$16.52 and a two-hundred day simple moving average of C$15.04. The company has a current ratio of 1.63, a quick ratio of 1.50 and a debt-to-equity ratio of 27.54.

Freehold Royalties (TSE:FRU) last released its earnings results on Wednesday, March 11th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$69.76 million during the quarter. Freehold Royalties had a return on equity of 12.09% and a net margin of 40.19%. Research 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 announced a monthly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, February 27th. 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.