Brokerages Set Freehold Royalties Ltd. (TSE:FRU) Target Price at C$16.91

Shares of Freehold Royalties Ltd. (TSE:FRU) have received a consensus recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$16.91.

FRU has been the subject of several analyst reports. Royal Bank Of Canada cut Freehold Royalties from a “moderate buy” rating to a “hold” rating and set a C$17.00 price objective for the company. in a research report on Friday, March 13th. Raymond James Financial lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from C$17.50 to C$18.00 in a research report on Monday, March 30th. Scotiabank boosted their target price on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Desjardins lowered their price target on 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. Finally, National Bank Financial cut shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price objective on the stock. in a report on Friday, January 9th.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$16.74 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 28.51. The firm has a fifty day moving average price of C$17.22 and a 200 day moving average price of C$15.59. The company has a market cap of C$2.74 billion, a P/E ratio of 29.89, a PEG ratio of -0.92 and a beta of 0.55. Freehold Royalties has a 12 month low of C$10.73 and a 12 month high of C$18.22.

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

Freehold Royalties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a $0.09 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Tuesday, March 31st. Freehold Royalties’s dividend payout ratio (DPR) is 192.86%.

Insider Activity at Freehold Royalties

In related news, insider Colin Strem purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the purchase, the insider directly owned 24,000 shares of the company’s stock, valued at C$416,880. The trade was a 20.00% increase in their ownership of the stock. 0.45% of the stock is owned by company insiders.

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.