Freehold Royalties (TSE:FRU – Free Report) had its price objective boosted by Desjardins from C$16.50 to C$17.00 in a research note published on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.
Other analysts have also recently issued research reports about the stock. National Bankshares upped their target price on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Finally, CIBC set a C$16.00 target price on Freehold Royalties and gave the stock a “neutral” rating in a report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Freehold Royalties presently has an average rating of “Moderate Buy” and an average price target of C$17.00.
Freehold Royalties Stock Up 2.5 %
Freehold Royalties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.56%. Freehold Royalties’s dividend payout ratio is 122.40%.
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.
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