Shares of Freehold Royalties Ltd. (TSE:FRU – Get Rating) have earned an average rating of "Moderate Buy" from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$18.75.
A number of equities analysts have recently commented on FRU shares. Raymond James increased their price target on shares of Freehold Royalties from C$20.00 to C$21.00 and gave the stock an "outperform" rating in a report on Tuesday, July 5th. Haywood Securities dropped their price target on Freehold Royalties from C$25.00 to C$23.00 and set an "outperform" rating for the company in a research note on Wednesday, July 27th. Acumen Capital reduced their price objective on Freehold Royalties from C$21.00 to C$20.00 and set a "buy" rating on the stock in a research report on Wednesday, May 11th. Canaccord Genuity Group set a C$19.50 target price on Freehold Royalties and gave the stock a "buy" rating in a research report on Thursday, August 25th. Finally, National Bankshares reduced their price target on shares of Freehold Royalties from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research report on Monday, July 18th.
Get Freehold Royalties alerts:Freehold Royalties Trading Up 2.5 %
Shares of FRU opened at C$14.30 on Friday. Freehold Royalties has a 1-year low of C$9.18 and a 1-year high of C$17.00. The company has a market capitalization of C$2.15 billion and a P/E ratio of 13.18. The company has a debt-to-equity ratio of 9.46, a current ratio of 2.54 and a quick ratio of 2.11. The firm's 50 day simple moving average is C$13.56 and its 200 day simple moving average is C$14.38.
Freehold Royalties Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 15th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.96 annualized dividend and a dividend yield of 6.71%. Freehold Royalties's payout ratio is presently 68.81%.Freehold Royalties Company Profile
(Get Rating)
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States.
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