Freehold Royalties (TSE:FRU) Shares Down 6.5% – What’s Next?

Freehold Royalties Ltd. (TSE:FRU)’s stock price traded down 6.5% during mid-day trading on Thursday . The stock traded as low as C$15.80 and last traded at C$16.80. 455,178 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 692,805 shares. The stock had previously closed at C$17.97.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Canadian Imperial Bank of Commerce raised their price target on Freehold Royalties from C$14.50 to C$15.25 in a research report on Friday, November 14th. National Bank Financial cut Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price objective for the company. in a report on Friday, January 9th. Canaccord Genuity Group increased their price objective on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Scotiabank boosted their target price on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Finally, Raymond James Financial raised Freehold Royalties from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$14.50 to C$17.50 in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$15.79.

Freehold Royalties Stock Down 8.0%

The stock has a 50 day moving average price of C$16.52 and a 200-day moving average price of C$15.04. The stock has a market capitalization of C$2.71 billion, a P/E ratio of 20.68, a PEG ratio of -0.92 and a beta of 0.65. The company has a debt-to-equity ratio of 27.54, a current ratio of 1.63 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$0.31 EPS for the quarter. Freehold Royalties had a return on equity of 12.09% and a net margin of 40.19%.The firm had revenue of C$69.76 million for the quarter. As a group, research analysts expect that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be given a $0.09 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 6.5%. Freehold Royalties’s payout ratio is presently 135.00%.

Freehold Royalties Company Profile

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.