Freehold Royalties (TSE:FRU) Given New C$21.00 Price Target at TD Securities

Freehold Royalties (TSE:FRU) had its price objective trimmed by TD Securities from C$22.00 to C$21.00 in a research note published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently commented on the company. Scotiabank raised their target price on 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. Canaccord Genuity Group upped their price target on Freehold Royalties from C$16.00 to C$17.00 in a research note on Friday, November 14th. Raymond James Financial raised Freehold Royalties from a “hold” rating to a “moderate buy” rating and raised their price objective for the company from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. Canadian Imperial Bank of Commerce boosted their target price on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Finally, National Bank Financial lowered shares of Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price target for the company. in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Freehold Royalties has an average rating of “Hold” and a consensus target price of C$16.54.

Freehold Royalties Trading Down 5.0%

Shares of FRU opened at C$17.08 on Thursday. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$18.22. The company has a current ratio of 1.63, a quick ratio of 1.50 and a debt-to-equity ratio of 27.54. The firm’s 50-day moving average price is C$16.55 and its 200-day moving average price is C$15.05. The firm has a market capitalization of C$2.80 billion, a price-to-earnings ratio of 21.35, a PEG ratio of -0.92 and a beta of 0.65.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. The company had revenue of C$69.76 million during the quarter. Freehold Royalties had a net margin of 40.19% and a return on equity of 12.09%. Sell-side analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 16th will be issued a $0.09 dividend. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, February 27th. Freehold Royalties’s payout ratio is 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.