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

Shares of Freehold Royalties Ltd. (TSE:FRU) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$16.71.

Several research analysts recently commented on FRU shares. National Bankshares lifted their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. CIBC set a C$16.00 target price on Freehold Royalties and gave the stock a “neutral” rating in a report on Monday, December 16th. Finally, BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th.

Freehold Royalties Stock Performance

Shares of TSE:FRU opened at C$12.23 on Thursday. The firm has a fifty day simple moving average of C$12.86 and a two-hundred day simple moving average of C$13.43. Freehold Royalties has a 52 week low of C$12.06 and a 52 week high of C$14.84. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The stock has a market capitalization of C$1.84 billion, a P/E ratio of 13.86, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Friday, February 28th. Freehold Royalties’s dividend payout ratio is currently 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.