Freehold Royalties (TSE:FRU) Reaches New 12-Month Low – Here’s What Happened

Shares of Freehold Royalties Ltd. (TSE:FRU) reached a new 52-week low during trading on Monday . The stock traded as low as C$12.06 and last traded at C$12.38, with a volume of 330452 shares changing hands. The stock had previously closed at C$12.50.

Wall Street Analysts Forecast Growth

FRU has been the subject of several recent analyst reports. CIBC set a C$16.00 price target on Freehold Royalties and gave the company a “neutral” rating in a research note on Monday, December 16th. Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Raymond James upgraded Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group lowered their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, National Bankshares increased their target price on shares of 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. Three 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$16.71.

Freehold Royalties Stock Up 1.9 %

The company has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The firm’s fifty day simple moving average is C$13.09 and its two-hundred day simple moving average is C$13.58. 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 (TSE:FRU) last announced its earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a net margin of 46.41% and a return on equity of 16.17%. Sell-side analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, January 31st. This represents a $1.08 dividend on an annualized basis and a yield of 8.54%. Freehold Royalties’s dividend payout ratio (DPR) 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.