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

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$17.55.

Several analysts recently commented on FRU shares. Acumen Capital set a C$18.00 target price on shares of Freehold Royalties in a research note on Wednesday, May 8th. Canaccord Genuity Group cut their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Desjardins cut their target price on shares of Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. National Bankshares increased their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Finally, BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the company a “market perform” rating in a research note on Wednesday, March 13th.

Freehold Royalties Trading Down 0.9 %

Freehold Royalties stock opened at C$13.37 on Friday. The firm has a 50 day simple moving average of C$13.89 and a 200-day simple moving average of C$13.94. The company has a debt-to-equity ratio of 24.39, a current ratio of 1.36 and a quick ratio of 1.50. The stock has a market capitalization of C$2.01 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of -0.92 and a beta of 2.00. Freehold Royalties has a 12-month low of C$12.66 and a 12-month high of C$15.27.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$74.27 million during the quarter. Freehold Royalties had a net margin of 43.19% and a return on equity of 14.40%. As a group, equities research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.08%. The ex-dividend date of this dividend is Friday, June 28th. Freehold Royalties’s dividend payout ratio is 120.00%.

Insider Buying and Selling

In related news, Senior Officer David Michael Spyker bought 20,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was bought at an average price of C$13.80 per share, with a total value of C$276,000.00. In related news, Senior Officer David Michael Spyker bought 20,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was bought at an average price of C$13.80 per share, with a total value of C$276,000.00. Also, Senior Officer Ian C. Hantke bought 8,590 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of C$13.91 per share, with a total value of C$119,486.90. Company insiders own 0.45% of the company’s stock.

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.