Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of “Hold” by Brokerages

Freehold Royalties Ltd. (TSE:FRU) has received an average rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$16.04.

FRU has been the topic of several analyst reports. National Bankshares increased their target price on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Desjardins downgraded shares of Freehold Royalties from a “buy” rating to a “hold” rating and cut their price target for the company from C$15.00 to C$14.25 in a research report on Tuesday. CIBC decreased their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Raymond James cut their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Finally, Scotiabank raised shares of Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th.

Freehold Royalties Stock Performance

Shares of Freehold Royalties stock opened at C$11.77 on Friday. The firm has a fifty day moving average of C$12.32 and a two-hundred day moving average of C$13.08. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 13.34, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$14.62.

Freehold Royalties Dividend Announcement

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