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

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$17.03.

FRU has been the topic of several research analyst reports. TD Securities reduced their price objective on 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. Scotiabank raised their price objective on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Raymond James Financial cut Freehold Royalties from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$17.50 to C$18.00 in a research note on Monday, March 30th. Royal Bank Of Canada raised their price objective 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. Finally, National Bank Financial cut Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 target price on the stock. in a research note on Friday, January 9th.

Freehold Royalties Stock Performance

Shares of FRU opened at C$17.89 on Friday. The business’s fifty day moving average price is C$17.37 and its 200 day moving average price is C$15.94. Freehold Royalties has a 12-month low of C$11.10 and a 12-month high of C$18.22. The stock has a market capitalization of C$2.93 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of -0.92 and a beta of 0.55. The company has a debt-to-equity ratio of 28.51, a current ratio of 1.41 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 8.82% and a net margin of 29.28%.The firm had revenue of C$69.76 million for the quarter. Equities research analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Thursday, April 30th. Freehold Royalties’s dividend payout ratio (DPR) is presently 192.86%.

Insider Transactions at Freehold Royalties

In related news, insider Colin Strem bought 4,000 shares of the business’s stock in a transaction on Tuesday, March 31st. The shares were 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 owned 24,000 shares of the company’s stock, valued at C$416,880. This represents a 20.00% increase in their position. Insiders own 0.45% of the company’s stock.

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.