Freehold Royalties Ltd. (TSE:FRU) Given Average Recommendation of “Hold” by Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have received a consensus recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$17.03.

Several equities research analysts have issued reports on FRU shares. Royal Bank Of Canada raised their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, April 13th. TD Securities cut their price target on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. Finally, Desjardins cut their price target on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a report on Friday, March 13th.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, insider Bradley Robert Monaco purchased 6,060 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of C$16.56 per share, with a total value of C$100,353.60. Following the acquisition, the insider directly owned 6,060 shares of the company’s stock, valued at C$100,353.60. This trade represents a ∞ increase in their position. Also, insider Colin Strem purchased 4,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were acquired at an average cost of C$17.37 per share, with a total value of C$69,480.00. Following the acquisition, the insider directly owned 24,000 shares in the company, valued at approximately C$416,880. The trade was a 20.00% increase in their ownership of the stock. Company insiders own 0.45% of the company’s stock.

Freehold Royalties Stock Up 0.6%

Freehold Royalties stock opened at C$16.26 on Friday. The firm has a market capitalization of C$2.67 billion, a PE ratio of 30.11, a P/E/G ratio of -0.92 and a beta of 0.56. The company’s 50-day moving average is C$17.24 and its 200-day moving average is C$16.72. Freehold Royalties has a fifty-two week low of C$12.69 and a fifty-two week high of C$18.22. The company has a debt-to-equity ratio of 30.45, a current ratio of 1.73 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$77.82 million for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. Sell-side analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.6%. Freehold Royalties’s dividend payout ratio (DPR) is currently 200.00%.

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