Freehold Royalties Ltd Declares Dividend of C$0.13 (FRU)
Freehold Royalties (TSE:FRU) announced a dividend on Thursday, August 7th, StockRatingsNetwork reports. Shareholders of record on Sunday, August 31st will be paid a dividend of 0.1281 per share on Monday, September 15th. The ex-dividend date is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at TD Securities raised their price target on shares of Freehold Royalties from C$25.00 to C$27.00 in a research note on Tuesday, July 22nd. They now have a “hold” rating on the stock. On a related note, analysts at Scotiabank raised their price target on shares of Freehold Royalties from C$24.50 to C$26.00 in a research note on Friday, July 18th. They now have a “sector perform” rating on the stock. Finally, analysts at National Bank Financial reiterated a “sector perform” rating on shares of Freehold Royalties in a research note on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of C$26.00.
Shares of Freehold Royalties (TSE:FRU) opened at 25.61 on Thursday. Freehold Royalties has a 52-week low of $21.41 and a 52-week high of $28.15. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $24.7. The company has a market cap of $1.897 billion and a price-to-earnings ratio of 24.51.
Freehold Royalties (TSE:FRU) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.01.
Freehold Royalties Limited (TSE:FRU) is a Canada-based oil and gas company.
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