Freehold Royalties Ltd (OTCMKTS:FRHLF – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $10.68, but opened at $10.30. Freehold Royalties shares last traded at $10.6180, with a volume of 2,378 shares traded.
Wall Street Analyst Weigh In
Separately, Desjardins reissued a “hold” rating on shares of Freehold Royalties in a research report on Monday, November 17th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Analysis on FRHLF
Freehold Royalties Trading Up 0.9%
Freehold Royalties (OTCMKTS:FRHLF – Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The firm had revenue of $54.00 million for the quarter. Freehold Royalties had a return on equity of 11.47% and a net margin of 37.26%.
Freehold Royalties Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were paid a $0.0652 dividend. This represents a dividend yield of 794.0%. This is a boost from Freehold Royalties’s previous dividend of $0.07. The ex-dividend date was Tuesday, September 30th. Freehold Royalties’s payout ratio is currently 131.03%.
About Freehold Royalties
Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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