Freehold Royalties Ltd. (TSE:FRU) Declares Monthly Dividend of $0.09

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Monday, May 6th, TickerTech reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.09 per share on Monday, June 17th. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date is Friday, May 31st.

Freehold Royalties Price Performance

Shares of Freehold Royalties stock traded down C$0.04 during trading hours on Wednesday, reaching C$14.01. The company’s stock had a trading volume of 689,247 shares, compared to its average volume of 348,339. The firm has a 50 day moving average price of C$14.30 and a 200-day moving average price of C$14.12. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The stock has a market cap of C$2.11 billion, a P/E ratio of 15.74, a P/E/G ratio of -0.92 and a beta of 2.01. Freehold Royalties has a one year low of C$12.66 and a one year high of C$15.27.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The business had revenue of C$80.06 million for the quarter. On average, analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on FRU. Desjardins reduced their target price on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating on the stock in a research note on Wednesday. Canaccord Genuity Group lowered their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. National Bankshares lifted their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. CIBC cut their price target on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 16th. Finally, Acumen Capital set a C$18.00 price target on shares of Freehold Royalties in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Freehold Royalties presently has a consensus rating of “Moderate Buy” and a consensus price target of C$17.55.

Insider Transactions at Freehold Royalties

In other Freehold Royalties news, Senior Officer Ian C. Hantke bought 8,590 shares of Freehold Royalties stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of C$13.91 per share, for a total transaction of C$119,486.90. Corporate insiders own 0.40% of the company’s stock.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.