Freehold Royalties (TSE:FRU) Stock Rating Lowered by Desjardins

Desjardins cut shares of Freehold Royalties (TSE:FRU - Free Report) from a buy rating to a hold rating in a report issued on Tuesday, MarketBeat reports. The brokerage currently has C$14.25 price target on the stock, down from their previous price target of C$15.00.

A number of other equities analysts have also recently commented on the company. National Bankshares boosted their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. BMO Capital Markets raised Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 16th. Raymond James reduced their price target on shares of Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. CIBC decreased their price target on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Scotiabank raised shares of Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Freehold Royalties presently has an average rating of "Hold" and a consensus target price of C$16.04.

Freehold Royalties Price Performance

TSE:FRU traded up C$0.14 during mid-day trading on Tuesday, reaching C$11.77. The stock had a trading volume of 779,994 shares, compared to its average volume of 730,178. Freehold Royalties has a 12 month low of C$10.53 and a 12 month high of C$14.62. The stock has a market capitalization of C$1.77 billion, a PE ratio of 13.34, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The stock has a 50-day simple moving average of C$12.29 and a two-hundred day simple moving average of C$13.06.

Freehold Royalties Dividend Announcement

The company also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.09 dividend. This represents a dividend yield of 9.6%. The ex-dividend date is Wednesday, April 30th. Freehold Royalties's dividend payout ratio 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.