Freehold Royalties (TSE:FRU) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.69 and traded as high as C$15.10. Freehold Royalties shares last traded at C$14.94, with a volume of 1,999,308 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on FRU shares. National Bankshares upped their price objective on Freehold Royalties from C$14.50 to C$15.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Raymond James Financial raised Freehold Royalties from a “hold” rating to a “moderate buy” rating and lifted their price objective for the stock from C$14.50 to C$17.50 in a report on Tuesday, December 9th. CIBC upped their price objective on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Finally, Canaccord Genuity Group increased their target price on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$15.75.

Freehold Royalties Stock Up 0.1%

The company has a market cap of C$2.45 billion, a PE ratio of 18.68, a P/E/G ratio of -0.92 and a beta of 0.60. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The stock has a 50-day moving average of C$14.53 and a 200-day moving average of C$13.69.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share for the quarter. The company had revenue of C$74.36 million for the quarter. Freehold Royalties had a net margin of 42.42% and a return on equity of 14.43%. Sell-side analysts predict that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Friday, October 31st. Freehold Royalties’s dividend payout ratio is currently 135.00%.

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. The majority of its revenue is generated from Canada Segment.