Freehold Royalties Ltd. (TSE:FRU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have been given a consensus rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$17.35.

Several analysts have weighed in on FRU shares. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group lowered 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 Trading Down 1.9 %

Shares of FRU stock opened at C$14.16 on Tuesday. The company has a market capitalization of C$2.13 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 52-week low of C$12.66 and a 52-week high of C$14.84. The business’s fifty day moving average is C$13.91 and its 200 day moving average is C$13.82. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 7.63%. The ex-dividend date is Friday, November 29th. Freehold Royalties’s payout ratio is 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.