Freehold Royalties (TSE:FRU) Cut to Hold at Natl Bk Canada

Natl Bk Canada cut shares of Freehold Royalties (TSE:FRU) from a strong-buy rating to a hold rating in a research note published on Friday,Zacks.com reports.

FRU has been the topic of a number of other reports. Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$14.50 to C$17.50 in a research note on Tuesday, December 9th. Canaccord Genuity Group increased their target price on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. National Bankshares downgraded Freehold Royalties from an “outperform” rating to a “sector perform” rating and set a C$15.00 price target on the stock. in a report on Friday. Finally, CIBC upped their price objective on Freehold Royalties from C$14.50 to C$15.25 in a research note on Friday, November 14th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$15.75.

Freehold Royalties Trading Up 0.9%

Shares of FRU stock opened at C$15.03 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The firm’s 50 day moving average is C$14.91 and its 200 day moving average is C$13.95. The stock has a market capitalization of C$2.46 billion, a P/E ratio of 18.79, a P/E/G ratio of -0.92 and a beta of 0.60. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$15.51.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$74.36 million during the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. Research analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a $0.09 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. Freehold Royalties’s dividend payout ratio (DPR) is presently 135.00%.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota. The majority of its revenue is generated from Canada Segment.