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

Freehold Royalties Ltd. (TSE:FRU) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$17.03.

A number of equities analysts recently commented on the company. Desjardins decreased their price target on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research note on Friday, March 13th. Royal Bank Of Canada lifted their price target on 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. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their price target for the stock from C$17.50 to C$18.00 in a research note on Monday, March 30th. Finally, TD Securities decreased their price target on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Thursday, March 12th.

Insider Buying and Selling

In related news, insider Colin Strem bought 4,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The stock was bought at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the purchase, the insider directly owned 24,000 shares in the company, valued at approximately C$416,880. The trade was a 20.00% increase in their position. 0.45% of the stock is currently owned by insiders.

Freehold Royalties Price Performance

TSE:FRU opened at C$16.44 on Friday. The company has a market capitalization of C$2.70 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of -0.92 and a beta of 0.56. Freehold Royalties has a one year low of C$12.54 and a one year high of C$18.22. The stock has a 50-day simple moving average of C$17.29 and a 200 day simple moving average of C$16.67. 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 business had revenue of C$77.82 million during the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%. Sell-side analysts predict that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Tuesday, June 30th. Freehold Royalties’s payout ratio is presently 200.00%.

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.