Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Freehold Royalties an average rating of "Hold" (five holds, one buy) with a 12‑month consensus price target of C$16.91.
• The company declared a monthly dividend of $0.09 per share (ex‑dividend Mar 31, payable Apr 15), implying a 6.3% yield but a high payout ratio of 192.86%.
• Shares opened at C$17.01 (52‑week range C$10.53–C$18.22); latest quarter showed EPS of C$0.31 and revenue of C$69.76M, with a P/E of 30.38 and market cap of C$2.79B.

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have received an average rating of "Hold" from the six brokerages that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$16.91.

Several research firms recently commented on FRU. National Bank Financial cut Freehold Royalties from an "outperform" rating to a "hold" rating and set a C$15.00 target price for the company. in a research report on Friday, January 9th. TD Securities reduced their target price on Freehold Royalties from C$22.00 to C$21.00 and set a "buy" rating for the company in a research report on Thursday, March 12th. Scotiabank boosted their target price on Freehold Royalties from C$15.00 to C$16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 20th. Raymond James Financial lowered Freehold Royalties from a "moderate buy" rating to a "hold" rating and lifted their price target for the stock from C$17.50 to C$18.00 in a research note on Monday, March 30th. Finally, Royal Bank Of Canada lowered Freehold Royalties from a "moderate buy" rating to a "hold" rating and set a C$17.00 price target for the company. in a research note on Friday, March 13th.

Freehold Royalties Price Performance

Freehold Royalties stock opened at C$17.01 on Tuesday. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$18.22. The business has a 50-day simple moving average of C$17.20 and a 200 day simple moving average of C$15.55. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 28.51. The stock has a market cap of C$2.79 billion, a price-to-earnings ratio of 30.38, a PEG ratio of -0.92 and a beta of 0.55.

Freehold Royalties (TSE:FRU - Get Free Report) last posted its earnings results on Wednesday, March 11th. The company reported C$0.31 EPS 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. On average, research analysts forecast that Freehold Royalties will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend and a yield of 6.3%. Freehold Royalties's dividend payout ratio is currently 192.86%.

Insiders Place Their Bets

In related news, insider Colin Strem bought 4,000 shares of the company's stock in a transaction that occurred on Tuesday, March 31st. The stock was bought at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the acquisition, the insider directly owned 24,000 shares of the company's stock, valued at C$416,880. The trade was a 20.00% increase in their position. 0.45% of the stock is owned by corporate insiders.

Freehold Royalties Company Profile

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.

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