Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) hit a new 52-week low during mid-day trading on Thursday after Desjardins downgraded the stock from a buy rating to a hold rating. Desjardins now has a C$14.25 price target on the stock, down from their previous price target of C$15.00. Freehold Royalties traded as low as C$10.53 and last traded at C$11.81, with a volume of 1112718 shares changing hands. The stock had previously closed at C$10.86.
Several other brokerages have also recently commented on FRU. Scotiabank upgraded shares of Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. National Bankshares boosted 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 target price 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 research report on Thursday, April 10th. Finally, BMO Capital Markets upgraded Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$16.04.
Check Out Our Latest Report on Freehold Royalties
Freehold Royalties Price Performance
The company has a market cap of C$1.72 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock has a fifty day moving average price of C$12.36 and a 200-day moving average price of C$13.12. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.
Freehold Royalties Announces Dividend
The firm also recently declared a apr 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.09 per share. This represents a yield of 9.6%. The ex-dividend date of this dividend is Wednesday, April 30th. Freehold Royalties's payout ratio is 122.40%.
About Freehold Royalties
(
Get Free Report)
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.
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