Shares of Freehold Royalties Ltd. (TSE:FRU – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$17.75.
FRU has been the topic of several research reports. Canaccord Genuity Group dropped their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. CIBC lowered their price target on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a report on Tuesday, January 16th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Raymond James cut their price target on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, National Bankshares upped their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, April 19th.
Get Our Latest Research Report on Freehold Royalties
Freehold Royalties Price Performance
Freehold Royalties (TSE:FRU – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. As a group, research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.
Freehold Royalties Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date is Monday, April 29th. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.73%.
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.
Featured Articles
- Five stocks we like better than Freehold Royalties
- What is Forex and How Does it Work?
- MarketBeat Week in Review – 4/29 – 5/3
- Profitably Trade Stocks at 52-Week Highs
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- 3 Grocery Stocks That Are Proving They Are Still Essential
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Freehold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freehold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.