Freehold Royalties (TSE:FRU) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Freehold Royalties Ltd. (TSE:FRU) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$13.90 and traded as high as C$15.09. Freehold Royalties shares last traded at C$14.91, with a volume of 592,031 shares trading hands.

Wall Street Analysts Forecast Growth

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

Freehold Royalties Price Performance

The company has a market cap of C$2.44 billion, a price-to-earnings ratio of 18.64, a PEG ratio of -0.92 and a beta of 0.60. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65. The business has a fifty day moving average price of C$14.86 and a 200 day moving average price of C$13.90.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings results on Thursday, November 13th. The company reported C$0.21 EPS for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%.The firm had revenue of C$74.36 million for the quarter. As a group, research analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 17th were given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date was Friday, October 31st. Freehold Royalties’s dividend payout ratio (DPR) is 135.00%.

Freehold Royalties Company Profile

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.