Scotiabank Trims Freehold Royalties (TSE:FRU) Target Price to C$17.00

Freehold Royalties (TSE:FRU) had its price target reduced by Scotiabank from C$18.00 to C$17.00 in a report released on Friday, BayStreet.CA reports.

Several other equities research analysts have also commented on FRU. Acumen Capital set a C$18.00 price target on shares of Freehold Royalties in a report on Wednesday, May 8th. Desjardins reduced their price target 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, May 8th. National Bankshares boosted their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an outperform rating in a report on Friday, April 19th. Finally, Canaccord Genuity Group reduced their price target 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$17.45.

Freehold Royalties Trading Up 0.2 %

Shares of FRU opened at C$14.15 on Friday. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.27. The company has a 50-day moving average of C$13.75 and a 200 day moving average of C$13.97. The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of 15.72, a PEG ratio of -0.92 and a beta of 2.00. The company has a debt-to-equity ratio of 24.39, a current ratio of 1.36 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Monday, May 6th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a net margin of 43.19% and a return on equity of 14.40%. The company had revenue of C$74.27 million during the quarter. On average, research analysts expect that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.08 annualized dividend and a dividend yield of 7.63%. Freehold Royalties’s dividend payout ratio (DPR) is presently 120.00%.

Insider Buying and Selling

In other news, Senior Officer David Michael Spyker acquired 20,000 shares of Freehold Royalties stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average price of C$13.80 per share, for a total transaction of C$276,000.00. In related news, Senior Officer David Michael Spyker bought 20,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were bought at an average price of C$13.80 per share, with a total value of C$276,000.00. Also, Senior Officer Ian C. Hantke bought 8,590 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of C$13.91 per share, for a total transaction of C$119,486.90. 0.45% of the stock is currently 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.