Freehold Royalties (TSE:FRU) Sets New 1-Year Low – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$11.88 and last traded at C$11.89, with a volume of 297672 shares changing hands. The stock had previously closed at C$12.23.

Analyst Ratings Changes

Several equities analysts have weighed in on FRU shares. National Bankshares lifted their target price 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. CIBC set a C$16.00 price objective on Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Freehold Royalties presently has a consensus rating of “Moderate Buy” and an average price target of C$16.71.

Freehold Royalties Trading Down 1.1 %

The company has a 50-day moving average price of C$12.85 and a 200-day moving average price of C$13.41. The firm has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 13.70, a PEG ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.93%. Freehold Royalties’s payout ratio is currently 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.