Freehold Royalties Ltd. (TSE:FRU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Freehold Royalties Ltd. (TSE:FRU) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$17.35.

Several analysts have recently commented on FRU shares. Canaccord Genuity Group reduced their price target on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Atb Cap Markets downgraded Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Raymond James raised shares of Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$14.44 on Tuesday. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$14.84. The company has a 50-day moving average price of C$13.91 and a 200 day moving average price of C$13.83. The company has a market cap of C$2.18 billion, a P/E ratio of 14.44, a PEG ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 7.48%. Freehold Royalties’s payout ratio is 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.