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

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have been given an average rating of "Hold" by the seven analysts that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$15.67.

A number of research analysts recently weighed in on FRU shares. CIBC cut their price objective on Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Desjardins cut their price objective on Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Scotiabank raised Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. Finally, Raymond James Financial cut their price objective on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th.

Freehold Royalties Stock Up 0.7%

Shares of FRU traded up C$0.09 during midday trading on Wednesday, reaching C$12.82. 283,776 shares of the stock were exchanged, compared to its average volume of 731,376. Freehold Royalties has a 12-month low of C$10.53 and a 12-month high of C$14.62. The firm has a 50 day simple moving average of C$12.39 and a 200-day simple moving average of C$12.47. 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 company has a market cap of C$1.93 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.09 dividend. Freehold Royalties's dividend payout ratio is 122.40%.

Insider Transactions at Freehold Royalties

In other Freehold Royalties news, Director Kimberley Elizabeth Lynch Proctor acquired 6,000 shares of the business's stock in a transaction on Monday, June 23rd. The stock was purchased at an average price of C$12.97 per share, for a total transaction of C$77,820.00. Also, Senior Officer Colin Strem acquired 4,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was acquired at an average price of C$12.44 per share, with a total value of C$49,757.20. In the last quarter, insiders have purchased 64,850 shares of company stock worth $812,206. 0.45% of the stock is owned by company insiders.

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.