Freehold Royalties Ltd. Declares Monthly Dividend of $0.09 (TSE:FRU)

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Monday, May 6th, TickerTech reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.09 per share on Monday, June 17th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Friday, May 31st.

Freehold Royalties Trading Down 0.9 %

Shares of FRU traded down C$0.12 during trading hours on Wednesday, reaching C$13.93. 472,548 shares of the company traded hands, compared to its average volume of 345,610. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49. The company’s fifty day moving average price is C$14.30 and its two-hundred day moving average price is C$14.12. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The business had revenue of C$80.06 million for the quarter. Equities research analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FRU. BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the stock a “market perform” rating in a report on Wednesday, March 13th. CIBC decreased their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. National Bankshares lifted their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Canaccord Genuity Group decreased their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Finally, Desjardins decreased their price objective on shares of Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Freehold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.55.

Insider Buying and Selling

In related news, Senior Officer Ian C. Hantke bought 8,590 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of C$13.91 per share, for a total transaction of C$119,486.90. 0.40% of the stock is owned by company insiders.

Freehold Royalties Company Profile

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.