Freehold Royalties Ltd. (TSE:FRU) Receives Average Recommendation of “Hold” from Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$17.28.

Several research firms recently commented on FRU. Canaccord Genuity Group reduced their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday. Atb Cap Markets lowered shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Raymond James raised shares of Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th.

Freehold Royalties Stock Performance

TSE FRU opened at C$12.42 on Friday. The company has a debt-to-equity ratio of 24.83, a current ratio of 2.05 and a quick ratio of 1.50. Freehold Royalties has a 1-year low of C$12.39 and a 1-year high of C$14.84. The firm has a market capitalization of C$1.87 billion, a P/E ratio of 12.42, a P/E/G ratio of -0.92 and a beta of 1.93. The business’s 50-day simple moving average is C$13.86 and its 200-day simple moving average is C$13.78.

Freehold Royalties Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 8.70%. The ex-dividend date was Friday, November 29th. Freehold Royalties’s dividend payout ratio (DPR) is 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.