Freehold Royalties (TSE:FRU) Price Target Raised to C$18.00

Freehold Royalties (TSE:FRU) had its price target increased by Royal Bank Of Canada from C$17.00 to C$18.00 in a report issued on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research analysts have also issued reports on FRU. Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and increased their price target for the stock from C$17.50 to C$18.00 in a research note on Monday, March 30th. Desjardins decreased their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research note on Friday, March 13th. National Bank Financial downgraded shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price objective on the stock. in a research report on Friday, January 9th. Scotiabank increased their price objective on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Finally, TD Securities cut their price objective on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Freehold Royalties presently has an average rating of “Hold” and an average price target of C$17.03.

Freehold Royalties Stock Down 0.3%

Shares of Freehold Royalties stock opened at C$16.91 on Monday. The company has a debt-to-equity ratio of 28.51, a current ratio of 1.41 and a quick ratio of 1.50. The company has a 50-day moving average of C$17.27 and a 200 day moving average of C$15.69. The firm has a market cap of C$2.77 billion, a price-to-earnings ratio of 30.20, a PEG ratio of -0.92 and a beta of 0.55. Freehold Royalties has a 1 year low of C$11.10 and a 1 year high of C$18.22.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$69.76 million during the quarter. Freehold Royalties had a net margin of 29.28% and a return on equity of 8.82%. As a group, sell-side analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Friday, May 15th will be given a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Thursday, April 30th. Freehold Royalties’s dividend payout ratio is 192.86%.

Insider Buying and Selling

In other news, insider Colin Strem acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were bought at an average cost of C$17.37 per share, with a total value 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 trade represents a 20.00% increase in their position. Company insiders own 0.45% of the company’s stock.

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.