Freehold Royalties Ltd. (TSE:FRU) Given Average Rating of “Hold” by Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$17.28.

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

Freehold Royalties Price Performance

Shares of Freehold Royalties stock opened at C$13.06 on Friday. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. Freehold Royalties has a 52-week low of C$12.68 and a 52-week high of C$14.84. The company has a fifty day moving average of C$13.89 and a 200-day moving average of C$13.79. The stock has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 8.27%. 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.