Freehold Royalties (TSE:FRU) Sets New 12-Month Low – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$12.58 and last traded at C$12.57, with a volume of 545165 shares changing hands. The stock had previously closed at C$12.95.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Canaccord Genuity Group cut their price target on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. CIBC set a C$16.00 target price on Freehold Royalties and gave the company a “neutral” rating in a research note on Monday. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James raised shares of Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$17.28.

Freehold Royalties Price Performance

The stock has a 50-day simple moving average of C$13.83 and a 200 day simple moving average of C$13.78. The stock has a market capitalization of C$1.87 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.09 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 8.70%. Freehold Royalties’s payout ratio is 108.00%.

Freehold Royalties Company Profile

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.