Freehold Royalties Ltd. (TSE:FRU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$17.06.

FRU has been the topic of several recent research reports. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a “neutral” rating in a research report on Monday, December 16th. Canaccord Genuity Group lowered their price objective on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James upgraded shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th.

Freehold Royalties Price Performance

Freehold Royalties stock opened at C$13.40 on Wednesday. Freehold Royalties has a 52-week low of C$12.19 and a 52-week high of C$14.84. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The firm’s fifty day moving average is C$13.44 and its 200 day moving average is C$13.67. The company has a market cap of C$2.02 billion, a price-to-earnings ratio of 13.40, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.08 annualized dividend and a dividend yield of 8.06%. Freehold Royalties’s dividend payout ratio (DPR) is 108.00%.

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.