Freehold Royalties Ltd. (FRU) To Go Ex-Dividend on December 31st

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.09 per share on Wednesday, January 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Tuesday, December 31st.

Freehold Royalties Stock Up 0.2 %

Shares of FRU stock traded up C$0.03 during mid-day trading on Friday, reaching C$12.68. 859,799 shares of the company were exchanged, compared to its average volume of 493,690. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The business’s 50 day simple moving average is C$13.60 and its 200 day simple moving average is C$13.73. The company has a market capitalization of C$1.91 billion, a P/E ratio of 12.68, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties has a fifty-two week low of C$12.19 and a fifty-two week high of C$14.84.

Wall Street Analysts Forecast Growth

FRU has been the subject of several research analyst reports. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. CIBC set a C$16.00 price objective on Freehold Royalties and gave the company a “neutral” rating in a report on Monday, December 16th. Raymond James upgraded Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Atb Cap Markets lowered Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group dropped their price target on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.28.

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.