Freehold Royalties (TSE:FRU – Free Report) had its price target lifted by Desjardins from C$16.50 to C$17.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.
Several other equities research analysts also recently commented on the stock. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. CIBC set a C$16.00 price objective on Freehold Royalties and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, National Bankshares lifted their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$17.00.
Check Out Our Latest Analysis on Freehold Royalties
Freehold Royalties Price Performance
Freehold Royalties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 17th will be issued a $0.09 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.56%. Freehold Royalties’s dividend payout ratio (DPR) is 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.
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