Freehold Royalties (TSE:FRU) Downgraded by Raymond James Financial to “Market Perform”

Raymond James Financial lowered shares of Freehold Royalties (TSE:FRU) from an outperform rating to a market perform rating in a research note released on Monday morning,BayStreet.CA reports. The firm currently has C$18.00 price target on the stock, up from their prior price target of C$17.50.

A number of other research analysts have also recently weighed in on FRU. Scotiabank boosted their target price on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. National Bank Financial downgraded Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price target for the company. in a research report on Friday, January 9th. TD Securities decreased their price objective on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. Royal Bank Of Canada cut Freehold Royalties from a “moderate buy” rating to a “hold” rating and set a C$17.00 target price for the company. in a report on Friday, March 13th. Finally, Desjardins dropped their target price on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$16.91.

Freehold Royalties Trading Down 1.3%

TSE:FRU opened at C$17.41 on Monday. The company has a debt-to-equity ratio of 28.51, a quick ratio of 1.50 and a current ratio of 1.41. The firm’s fifty day moving average is C$17.09 and its 200-day moving average is C$15.42. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$18.22. The firm has a market cap of C$2.85 billion, a P/E ratio of 31.09, a P/E/G ratio of -0.92 and a beta of 0.65.

Freehold Royalties (TSE:FRU) last issued its earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 29.28% and a return on equity of 8.82%. The business had revenue of C$69.76 million for the quarter. Equities analysts expect that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Freehold Royalties’s dividend payout ratio is 192.86%.

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.