Freehold Royalties Ltd. (TSE:FRU) Receives C$16.71 Consensus Target Price from Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$16.71.

Several equities research analysts have issued reports on FRU shares. CIBC set a C$16.00 target price on Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Finally, National Bankshares increased their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th.

Freehold Royalties Trading Down 0.5 %

TSE:FRU opened at C$12.01 on Thursday. The company has a market cap of C$1.81 billion, a P/E ratio of 13.61, a P/E/G ratio of -0.92 and a beta of 1.93. The stock’s fifty day moving average price is C$12.84 and its two-hundred day moving average price is C$13.40. Freehold Royalties has a 1 year low of C$11.80 and a 1 year high of C$14.84. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be given a $0.09 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.99%. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.40%.

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.