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

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have received an average rating of "Hold" from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued 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$16.04.

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

Freehold Royalties Stock Up 0.5 %

FRU stock traded up C$0.06 during trading on Friday, reaching C$11.89. 471,819 shares of the stock were exchanged, compared to its average volume of 725,076. The firm's 50 day moving average is C$12.24 and its 200 day moving average is C$13.01. The firm has a market cap of C$1.79 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. 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 twelve month low of C$10.53 and a twelve month high of C$14.62.

Freehold Royalties Dividend Announcement

The firm also recently declared a apr 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 9.6%. Freehold Royalties's dividend payout ratio (DPR) is currently 122.40%.

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.