Freehold Royalties Ltd. (TSE:FRU) Receives C$16.04 Average PT from Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$16.04.

Several analysts have recently weighed in on the stock. Desjardins downgraded shares of Freehold Royalties from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$14.25 in a report on Tuesday, April 15th. National Bankshares boosted their target price 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. Scotiabank raised Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. Raymond James decreased their price target on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Finally, CIBC cut their price objective on Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th.

Freehold Royalties Stock Performance

TSE:FRU opened at C$11.82 on Friday. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The firm has a market cap of C$1.78 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The firm’s fifty day moving average price is C$12.22 and its 200 day moving average price is C$13.00. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.62.

Freehold Royalties Announces Dividend

The company also recently announced a apr 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a $0.09 dividend. This represents a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, April 30th. 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.