Freehold Royalties (TSE:FRU) had its target price decreased by National Bank Financial from C$18.50 to C$17.00 in a research report report published on Thursday morning. National Bank Financial currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity dropped their target price on Freehold Royalties from C$17.00 to C$15.50 in a research report on Wednesday, October 24th. Cormark dropped their target price on Freehold Royalties from C$18.50 to C$16.50 in a research report on Tuesday, October 9th. CIBC dropped their target price on Freehold Royalties from C$15.50 to C$14.50 in a research report on Friday, October 5th. Finally, Raymond James cut Freehold Royalties from an outperform rating to a market perform rating and dropped their target price for the company from C$16.75 to C$16.00 in a research report on Friday, August 3rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$15.11.

Shares of TSE:FRU traded down C$0.21 during trading on Thursday, reaching C$8.92. 459,296 shares of the company’s stock traded hands, compared to its average volume of 299,634. Freehold Royalties has a fifty-two week low of C$8.81 and a fifty-two week high of C$15.44. The company has a debt-to-equity ratio of 11.28, a quick ratio of 1.86 and a current ratio of 1.86.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 15th were issued a $0.0525 dividend. This represents a $0.63 annualized dividend and a yield of 7.07%. The ex-dividend date of this dividend was Tuesday, October 30th. Freehold Royalties’s payout ratio is 5,150.00%.

In other news, Director Marvin F. Romanow acquired 20,000 shares of the stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average cost of C$11.17 per share, for a total transaction of C$223,400.00.

Freehold Royalties Company Profile

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.1 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 42,000 wells and receives royalty from industry operators.

Read More: Asset Allocation

Analyst Recommendations for Freehold Royalties (TSE:FRU)

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