Freehold Royalties Ltd. (TSE:FRU) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$16.71.

A number of equities research analysts recently issued reports on FRU shares. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. National Bankshares raised their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Finally, BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th.

Freehold Royalties Stock Performance

Shares of TSE:FRU opened at C$12.60 on Thursday. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The business’s fifty day moving average price is C$12.85 and its two-hundred day moving average price is C$13.45. Freehold Royalties has a fifty-two week low of C$12.06 and a fifty-two week high of C$14.84. The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth 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 Monday, March 17th. Stockholders of record on Monday, March 17th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.57%. The ex-dividend date is Friday, February 28th. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.40%.

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.