Freehold Royalties Ltd. (TSE:FRU) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have received a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$17.00.

Several analysts have weighed in on the company. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. CIBC set a C$16.00 price target on Freehold Royalties and gave the company a “neutral” rating in a research report on Monday, December 16th. Scotiabank upgraded Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. National Bankshares boosted 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 report on Thursday, January 30th. Finally, Desjardins increased their price target on shares of Freehold Royalties from C$16.50 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, March 14th.

Freehold Royalties Trading Up 0.2 %

FRU opened at C$12.85 on Monday. Freehold Royalties has a one year low of C$11.80 and a one year high of C$14.84. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The business has a 50 day simple moving average of C$12.66 and a two-hundred day simple moving average of C$13.27. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 14.56, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 8.40%. The ex-dividend date of this dividend was Friday, February 28th. Freehold Royalties’s dividend payout ratio is presently 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.