Freehold Royalties (TSE:FRU) Given New C$18.00 Price Target at National Bankshares

Freehold Royalties (TSE:FRU) had its target price upped by National Bankshares from C$17.00 to C$18.00 in a research note published on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. ATB Capital reduced their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. Raymond James cut their price target on Freehold Royalties from C$20.00 to C$17.50 and set an outperform rating for the company in a research note on Friday, January 19th. CIBC cut their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating for the company in a research report on Tuesday, January 16th. BMO Capital Markets set a C$15.00 price target on shares of Freehold Royalties and gave the company a market perform rating in a research report on Wednesday, March 13th. Finally, Canaccord Genuity Group dropped their price target on Freehold Royalties from C$19.50 to C$19.00 and set a buy rating for the company in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$17.75.

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$14.18 on Friday. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The company has a market cap of C$2.14 billion, a PE ratio of 16.11, a P/E/G ratio of -0.92 and a beta of 2.01. The stock has a fifty day moving average price of C$14.23 and a 200 day moving average price of C$14.13. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.27.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. The company had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. Sell-side analysts forecast that Freehold Royalties will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a yield of 7.62%. Freehold Royalties’s dividend payout ratio (DPR) is 122.73%.

Freehold Royalties Company Profile

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.