Freehold Royalties (TSE:FRU) Given a C$18.00 Price Target by Acumen Capital Analysts

Acumen Capital set a C$18.00 price target on Freehold Royalties (TSE:FRU) in a research note released on Wednesday, BayStreet.CA reports.

A number of other research analysts have also recently issued reports on the stock. BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the company a market perform rating in a report on Wednesday, March 13th. National Bankshares boosted their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an outperform rating in a report on Friday, April 19th. Raymond James decreased their price objective on shares of 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. CIBC decreased their price objective on shares of Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating for the company in a report on Tuesday, January 16th. Finally, Canaccord Genuity Group decreased their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a buy rating for the company in a report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$17.55.

Freehold Royalties Stock Down 0.3 %

Shares of TSE:FRU opened at C$14.01 on Wednesday. Freehold Royalties has a one year low of C$12.66 and a one year high of C$15.27. The company has a 50 day moving average of C$14.30 and a 200-day moving average of C$14.11. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The stock has a market cap of C$2.11 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The company had revenue of C$80.06 million during the quarter. On average, sell-side analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 17th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Thursday, May 30th. Freehold Royalties’s payout ratio is currently 122.73%.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, Senior Officer Ian C. Hantke acquired 8,590 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of C$13.91 per share, with a total value of C$119,486.90. Insiders own 0.40% of the company’s stock.

Freehold Royalties Company Profile

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.