Freehold Royalties Ltd. (TSE:FRU) Receives C$15.67 Average PT from Brokerages

Freehold Royalties Ltd. (TSE:FRU) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$15.67.

FRU has been the topic of several research analyst reports. Raymond James lowered their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Desjardins reduced their price target on shares of Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. Scotiabank upgraded shares of Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. Finally, CIBC cut their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th.

Insider Buying and Selling

In related news, Senior Officer Colin Strem acquired 4,000 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were purchased at an average price of C$12.44 per share, for a total transaction of C$49,757.20. Also, Senior Officer Shaina Brianne Morihira acquired 20,000 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were bought at an average price of C$12.42 per share, for a total transaction of C$248,466.00. Insiders acquired a total of 52,500 shares of company stock valued at $652,857 over the last three months. 0.45% of the stock is owned by company insiders.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$12.89 on Friday. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.62. The firm’s 50 day simple moving average is C$11.92 and its two-hundred day simple moving average is C$12.55. 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 company has a market capitalization of C$1.94 billion, a P/E ratio of 14.61, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date is Friday, May 30th. 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.