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

Freehold Royalties Ltd. (TSE:FRU) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$17.06.

FRU has been the topic of several analyst reports. 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. Raymond James raised shares of Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Canaccord Genuity Group decreased their price objective on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$13.32 on Wednesday. The business’s 50 day moving average is C$13.47 and its 200-day moving average is C$13.68. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The firm has a market capitalization of C$2.01 billion, a PE ratio of 13.32, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 1-year low of C$12.19 and a 1-year high of C$14.84.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.08 dividend on an annualized basis and a yield of 8.11%. Freehold Royalties’s dividend payout ratio (DPR) is presently 108.00%.

About Freehold Royalties

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.