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

Shares of Freehold Royalties Ltd. (TSE:FRU) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have assigned 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 a report on the stock in the last year is C$16.71.

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

Freehold Royalties Price Performance

TSE FRU opened at C$12.60 on Thursday. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65. Freehold Royalties has a 52-week low of C$12.06 and a 52-week high of C$14.84. The business has a 50 day simple moving average of C$12.85 and a 200 day simple moving average of C$13.45. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 14.28, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.57%. Freehold Royalties’s dividend payout ratio (DPR) is 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.