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

Shares of Freehold Royalties Ltd. (TSE:FRU) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$17.35.

Several analysts have issued reports on the company. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Canaccord Genuity Group dropped their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Finally, Scotiabank lowered their price objective on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th.

Freehold Royalties Price Performance

TSE FRU opened at C$13.83 on Friday. The stock has a market capitalization of C$2.08 billion, a P/E ratio of 13.83, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The business’s fifty day moving average is C$13.79 and its two-hundred day moving average is C$13.91. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.06.

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

Freehold Royalties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.81%. The ex-dividend date of this dividend is Thursday, October 31st. Freehold Royalties’s 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.