Brokerages Set Freehold Royalties Ltd. (TSE:FRU) Target Price at C$16.84

Freehold Royalties Ltd. (TSE:FRU) has been given a consensus rating of “Hold” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$16.84.

FRU has been the subject of several recent analyst reports. Desjardins cut their price target 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. Scotiabank increased their price objective on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. TD Securities cut their target price on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Finally, National Bank Financial downgraded 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 report on Friday, January 9th.

Freehold Royalties Stock Down 0.3%

Shares of FRU opened at C$17.51 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 28.51. Freehold Royalties has a 12 month low of C$10.53 and a 12 month high of C$18.22. The stock’s 50 day moving average is C$16.80 and its two-hundred day moving average is C$15.19. The firm has a market cap of C$2.87 billion, a P/E ratio of 31.27, a PEG ratio of -0.92 and a beta of 0.65.

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

Freehold Royalties Dividend Announcement

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

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.