Freehold Royalties Ltd. (TSE:FRU) Receives Consensus Rating of “Moderate Buy” from Analysts

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$17.28.

A number of research analysts have issued reports on the stock. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a “neutral” rating in a report on Monday, December 16th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Raymond James upgraded Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group decreased their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd.

Freehold Royalties Stock Performance

Shares of FRU opened at C$12.45 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 52-week low of C$12.19 and a 52-week high of C$14.84. The company has a 50-day simple moving average of C$13.75 and a 200-day simple moving average of C$13.76. The company has a market capitalization of C$1.88 billion, a PE ratio of 12.45, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date of this dividend was Friday, November 29th. Freehold Royalties’s dividend payout ratio is presently 108.00%.

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.