Freehold Royalties (TSE:FRU) Reaches New 1-Year Low – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$12.06 and last traded at C$12.38, with a volume of 330452 shares. The stock had previously closed at C$12.50.

Wall Street Analysts Forecast Growth

FRU has been the topic of several recent research reports. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a “neutral” rating in a report on Monday, December 16th. Atb Cap Markets downgraded shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. National Bankshares increased their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Canaccord Genuity Group dropped their target price on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$16.71.

Freehold Royalties Price Performance

The stock has a 50 day moving average of C$13.09 and a 200-day moving average of C$13.58. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The company has a market cap of C$1.91 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. Equities analysts predict that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be paid a $0.09 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.54%. Freehold Royalties’s payout ratio is currently 108.00%.

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.