Freehold Royalties (TSE:FRU) Stock Passes Above Two Hundred Day Moving Average of $14.26

Freehold Royalties Ltd. (TSE:FRU) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$14.26 and traded as high as C$14.72. Freehold Royalties shares last traded at C$14.65, with a volume of 152,805 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FRU shares. Canaccord Genuity Group upped their target price on shares of Freehold Royalties from C$20.00 to C$20.50 in a research report on Friday, October 20th. Desjardins set a C$19.00 price target on shares of Freehold Royalties and gave the company a “buy” rating in a report on Tuesday, August 22nd. BMO Capital Markets dropped their price target on shares of Freehold Royalties from C$16.00 to C$15.50 and set a “market perform” rating on the stock in a report on Thursday, November 9th. National Bankshares raised their price target on shares of Freehold Royalties from C$19.00 to C$20.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Finally, CIBC dropped their price target on shares of Freehold Royalties from C$16.75 to C$16.50 and set a “neutral” rating on the stock in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$18.78.

Freehold Royalties Stock Up 1.2 %

The company’s 50 day moving average price is C$14.62 and its two-hundred day moving average price is C$14.26. The company has a current ratio of 1.89, a quick ratio of 1.50 and a debt-to-equity ratio of 16.54. The stock has a market cap of C$2.21 billion, a P/E ratio of 13.82, a PEG ratio of -0.92 and a beta of 2.02.

Freehold Royalties (TSE:FRU) last released its earnings results on Wednesday, November 8th. The company reported C$0.28 EPS for the quarter. Freehold Royalties had a net margin of 45.86% and a return on equity of 17.15%. The company had revenue of C$84.20 million for the quarter. Equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Wednesday, November 29th. Freehold Royalties’s payout ratio is 101.89%.

About Freehold Royalties

Freehold Royalties Ltd. engages in acquiring and managing royalty interest in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company was founded in 1996 and is headquartered in Calgary, Canada.