Atb Cap Markets Downgrades Freehold Royalties (TSE:FRU) to Hold

Atb Cap Markets lowered shares of Freehold Royalties (TSE:FRU) from a strong-buy rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

Separately, Scotiabank lowered their target price on Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.45.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$13.95 on Tuesday. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.06. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 13.95, a P/E/G ratio of -0.92 and a beta of 1.93. The stock’s fifty day simple moving average is C$13.74 and its 200-day simple moving average is C$13.93.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.26 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. The business had revenue of C$84.50 million for the quarter. On average, sell-side analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.08 annualized dividend and a dividend yield of 7.74%. Freehold Royalties’s dividend payout ratio is presently 108.00%.

About Freehold Royalties

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.