Freehold Royalties Ltd. (TSE:FRU – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$17.45.
A number of equities research analysts recently weighed in on the stock. Acumen Capital set a C$18.00 price target on shares of Freehold Royalties in a research note on Wednesday, May 8th. Scotiabank cut their price target on Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th. Finally, Desjardins decreased their price objective on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th.
View Our Latest Analysis on FRU
Freehold Royalties Stock Performance
Freehold Royalties Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 7.99%. The ex-dividend date is Friday, August 30th. Freehold Royalties’s dividend payout ratio (DPR) 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.
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