Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.15 and traded as high as C$14.52. Freehold Royalties shares last traded at C$14.33, with a volume of 281,614 shares.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. ATB Capital dropped their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Raymond James dropped their price objective on shares of Freehold Royalties from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a report on Friday, January 19th. BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the company a "market perform" rating in a report on Wednesday, March 13th. CIBC lowered their price target on shares of Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating on the stock in a report on Tuesday, January 16th. Finally, National Bankshares lowered their price target on shares of Freehold Royalties from C$20.00 to C$17.00 and set an "outperform" rating on the stock in a report on Wednesday, January 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$17.81.
Read Our Latest Stock Analysis on Freehold Royalties
Freehold Royalties Stock Performance
The company has a market cap of C$2.15 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of -0.92 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. The stock's fifty day simple moving average is C$14.18 and its 200 day simple moving average is C$14.14.
Freehold Royalties (TSE:FRU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. The company had revenue of C$80.06 million during the quarter. As a group, analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.
Freehold Royalties Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.09 dividend. The ex-dividend date is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.55%. Freehold Royalties's payout ratio is 122.73%.
About Freehold Royalties
(
Get Free Report)
Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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