Freehold Royalties Ltd. (TSE:FRU) Receives Average Recommendation of "Hold" from Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$15.67.

FRU has been the subject of a number of research analyst reports. CIBC dropped their target price on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Raymond James dropped their price target on shares of Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Desjardins dropped their price target on shares of Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, Scotiabank raised shares of Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th.

Freehold Royalties Price Performance

TSE:FRU traded up C$0.11 on Friday, reaching C$12.51. The stock had a trading volume of 569,238 shares, compared to its average volume of 723,316. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.62. The company has a market capitalization of C$1.88 billion, a P/E ratio of 14.18, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The stock has a fifty day moving average price of C$11.88 and a 200-day moving average price of C$12.57.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be paid a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 8.63%. The ex-dividend date is Friday, May 30th. Freehold Royalties's payout ratio is presently 122.40%.

Insider Buying and Selling at Freehold Royalties

In related news, Senior Officer Robert Alexander King purchased 16,500 shares of Freehold Royalties stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of C$12.31 per share, for a total transaction of C$203,115.00. Also, Senior Officer Shaina Brianne Morihira purchased 20,000 shares of Freehold Royalties stock in a transaction dated Friday, June 6th. The stock was bought at an average price of C$12.42 per share, with a total value of C$248,466.00. Over the last 90 days, insiders bought 48,500 shares of company stock valued at $601,898. Corporate insiders own 0.45% of the company's stock.

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.