Freehold Royalties Ltd. (TSE:FRU) Given Average Recommendation of "Hold" by Analysts

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) has received a consensus rating of "Hold" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$15.71.

FRU has been the topic of a number of research reports. Scotiabank upgraded Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. Raymond James lowered their target price on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Desjardins lowered Freehold Royalties from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$15.00 to C$14.25 in a research note on Tuesday, April 15th. National Bankshares boosted their price objective on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, CIBC cut their target price on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th.

Insider Buying and Selling

In other news, Senior Officer Robert Alexander King bought 16,500 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was bought at an average cost of C$12.31 per share, for a total transaction of C$203,115.00. 0.45% of the stock is currently owned by company insiders.

Freehold Royalties Stock Up 1.1%

TSE FRU traded up C$0.13 during trading on Tuesday, reaching C$12.34. 315,338 shares of the company's stock were exchanged, compared to its average volume of 702,475. The company's fifty day simple moving average is C$11.99 and its 200-day simple moving average is C$12.73. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week high of C$14.62. The firm has a market capitalization of C$1.86 billion, a PE ratio of 13.99, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The firm also recently disclosed a apr 25 dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a dividend yield of 9.6%. Freehold Royalties's dividend payout ratio (DPR) is presently 122.40%.

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.