Freehold Royalties (TSE:FRU) Stock Price Crosses Above 200 Day Moving Average of $14.18

Shares of Freehold Royalties Ltd. (TSE:FRUGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.18 and traded as high as C$14.68. Freehold Royalties shares last traded at C$14.61, with a volume of 344,657 shares changing hands.

Analyst Upgrades and Downgrades

FRU has been the topic of a number of recent research reports. Raymond James decreased their target price on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. Cormark decreased their target price on Freehold Royalties from C$20.00 to C$18.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. National Bankshares decreased their target price on Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a report on Wednesday, January 10th. Desjardins lifted their target price on Freehold Royalties from C$18.75 to C$19.25 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the company a “market perform” rating in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$17.81.

Get Our Latest Report on FRU

Freehold Royalties Stock Up 0.1 %

The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The firm has a market cap of C$2.20 billion, a PE ratio of 16.60, a P/E/G ratio of -0.92 and a beta of 2.01. The business has a fifty day moving average price of C$14.03 and a two-hundred day moving average price of C$14.18.

Freehold Royalties (TSE:FRUGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The firm had revenue of C$80.06 million during the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. On average, analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 15th will be given a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.08 dividend on an annualized basis and a yield of 7.39%. Freehold Royalties’s payout ratio is 122.73%.

Freehold Royalties Company Profile

(Get Free Report)

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. The company was founded in 1996 and is headquartered in Calgary, Canada.

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