Freehold Royalties (TSE:FRU) Sets New 52-Week Low – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU)’s share price reached a new 52-week low on Monday . The stock traded as low as C$12.06 and last traded at C$12.38, with a volume of 330452 shares changing hands. The stock had previously closed at C$12.50.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FRU. Canaccord Genuity Group reduced their price objective on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, National Bankshares lifted their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$16.71.

Freehold Royalties Price Performance

The company has a 50 day moving average price of C$13.16 and a 200-day moving average price of C$13.60. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The company has a market cap of C$1.87 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.17 EPS for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. As a group, equities research analysts predict that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date is Friday, January 31st. 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.