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

Freehold Royalties Ltd. (TSE:FRU) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$17.03.

A number of research firms have recently weighed in on FRU. Raymond James Financial downgraded shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$17.50 to C$18.00 in a research report on Monday, March 30th. Desjardins dropped their price objective on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a report on Friday, March 13th. TD Securities cut their target price on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada raised 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 report on Monday, April 13th.

Insider Activity at Freehold Royalties

In other news, insider Colin Strem bought 4,000 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 24,000 shares of the company’s stock, valued at C$416,880. This represents a 20.00% increase in their ownership of the stock. Insiders own 0.45% of the company’s stock.

Freehold Royalties Trading Up 1.7%

FRU stock opened at C$17.41 on Wednesday. Freehold Royalties has a 52 week low of C$12.24 and a 52 week high of C$18.22. The company has a market capitalization of C$2.85 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. The company’s 50-day simple moving average is C$17.35 and its 200 day simple moving average is C$16.47. 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 data on Tuesday, May 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. The firm had revenue of C$77.82 million during the quarter. As a group, sell-side analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, May 29th. Freehold Royalties’s dividend payout ratio is presently 200.00%.

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.