Freehold Royalties (TSE:FRU) Lowered to “Hold” Rating by Desjardins

Desjardins downgraded shares of Freehold Royalties (TSE:FRU) from a buy rating to a hold rating in a research note published on Tuesday,BayStreet.CA reports. They currently have C$14.25 price objective on the stock, down from their prior price objective of C$15.00.

FRU has been the topic of several other research reports. CIBC lowered their price target on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. 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. Raymond James dropped their price objective on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. National Bankshares raised their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Scotiabank raised shares of Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$16.04.

Freehold Royalties Trading Up 1.6 %

Shares of Freehold Royalties stock opened at C$11.43 on Tuesday. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$14.62. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The company has a market cap of C$1.72 billion, a price-to-earnings ratio of 12.95, a PEG ratio of -0.92 and a beta of 1.93. The company’s 50-day moving average price is C$12.36 and its 200-day moving average price is C$13.12.

Freehold Royalties Dividend Announcement

The business also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.09 per share. This represents a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, April 30th. Freehold Royalties’s payout ratio is 122.40%.

Freehold Royalties Company Profile

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.