Freehold Royalties (TSE:FRU) Shares Pass Above 200 Day Moving Average – What’s Next?

Freehold Royalties Ltd. (TSE:FRU)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.83 and traded as high as C$14.21. Freehold Royalties shares last traded at C$14.10, with a volume of 549,224 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research 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 report on Tuesday, October 22nd. Finally, Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$17.35.

Freehold Royalties Stock Up 1.4 %

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 stock’s 50-day moving average price is C$13.85 and its 200-day moving average price is C$13.83. The company has a market cap of C$2.12 billion, a P/E ratio of 14.10, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 7.66%. Freehold Royalties’s dividend payout ratio (DPR) 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.