Freehold Royalties Ltd. (TSE:FRU) Receives Average Rating of “Hold” from Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have received an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$17.03.

Several research firms have commented on FRU. Royal Bank Of Canada lifted their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, April 13th. Desjardins decreased their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research note on Friday, March 13th. TD Securities decreased their price target on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Finally, Raymond James Financial downgraded shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their target price for the stock from C$17.50 to C$18.00 in a research note on Monday, March 30th.

Insider Activity at Freehold Royalties

In other news, insider Colin Strem bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average cost of C$17.37 per share, with a total value of C$69,480.00. Following the completion of the purchase, the insider directly owned 24,000 shares in the company, valued at C$416,880. This represents a 20.00% increase in their ownership of the stock. 0.45% of the stock is currently owned by insiders.

Freehold Royalties Trading Up 0.8%

FRU stock opened at C$17.45 on Wednesday. The company has a market capitalization of C$2.86 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. Freehold Royalties has a one year low of C$12.04 and a one year high of C$18.22. The company’s 50 day moving average price is C$17.38 and its two-hundred day moving average price is C$16.39. The company has a debt-to-equity ratio of 30.45, a quick ratio of 1.50 and a current ratio of 1.73.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$77.82 million for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. As a group, analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, May 29th. Freehold Royalties’s payout ratio is presently 200.00%.

About Freehold Royalties

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.