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

Key Points

• Brokerages give Freehold Royalties an average rating of Hold (five holds, one buy) with a 12‑month consensus price target of C$17.03.
• The company declared a monthly dividend of C$0.09 (ex‑dividend April 30, payable May 15), implying a 6.0% yield but a high payout ratio of 192.86%.
• Insider Colin Strem bought 4,000 shares at C$17.37 on March 31, increasing his stake by 20%; corporate insiders collectively own 0.45% of the stock.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$17.03.

FRU has been the topic of a number of recent analyst reports. Desjardins cut their target price on Freehold Royalties from C$16.50 to C$16.00 and set a "hold" rating on the stock in a research report on Friday, March 13th. Raymond James Financial lowered Freehold Royalties from a "moderate buy" rating to a "hold" rating and upped their target price for the company from C$17.50 to C$18.00 in a research report on Monday, March 30th. Scotiabank upped their target price on Freehold Royalties from C$15.00 to C$16.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 20th. Royal Bank Of Canada upped their target price on Freehold Royalties from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a research report on Monday, April 13th. Finally, TD Securities cut their target price on Freehold Royalties from C$22.00 to C$21.00 and set a "buy" rating on the stock in a research report on Thursday, March 12th.

Insider Activity

In other news, insider Colin Strem acquired 4,000 shares of Freehold Royalties stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the purchase, the insider directly owned 24,000 shares of the company's stock, valued at C$416,880. This trade represents a 20.00% increase in their position. Corporate insiders own 0.45% of the company's stock.

Freehold Royalties Stock Performance

Shares of FRU opened at C$17.89 on Friday. The business's 50 day moving average is C$17.37 and its two-hundred day moving average is C$15.94. Freehold Royalties has a 52-week low of C$11.10 and a 52-week high of C$18.22. The firm has a market cap of C$2.93 billion, a price-to-earnings ratio of 31.95, a PEG ratio of -0.92 and a beta of 0.55. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 28.51.

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

Freehold Royalties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, May 15th will be given a $0.09 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, April 30th. 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.

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