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

Shares of Freehold Royalties Ltd. (TSE:FRU) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$16.71.

A number of research analysts have recently issued reports on the company. 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. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, National Bankshares raised their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

Freehold Royalties Stock Down 0.5 %

FRU opened at C$12.01 on Thursday. The stock has a market cap of C$1.81 billion, a PE ratio of 13.61, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. Freehold Royalties has a 52 week low of C$11.80 and a 52 week high of C$14.84. The business’s fifty day simple moving average is C$12.84 and its 200 day simple moving average is C$13.40.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 8.99%. Freehold Royalties’s dividend payout ratio is presently 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.