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

Shares of Freehold Royalties Ltd. (TSE:FRU) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$16.71.

A number of analysts recently issued reports on the stock. CIBC set a C$16.00 price objective on shares of Freehold Royalties and gave the stock a “neutral” rating in a report on Monday, December 16th. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Canaccord Genuity Group dropped their price objective on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Raymond James raised Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Finally, National Bankshares upped their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th.

Freehold Royalties Stock Performance

Shares of FRU opened at C$12.59 on Friday. The stock has a 50 day moving average of C$13.04 and a 200 day moving average of C$13.57. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 12 month low of C$12.06 and a 12 month high of C$14.84. The company has a market capitalization of C$1.90 billion, a price-to-earnings ratio of 12.59, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties (TSE:FRU) last announced its earnings results 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%. As a group, sell-side analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend is Friday, January 31st. Freehold Royalties’s payout ratio is presently 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.