Freehold Royalties Ltd. (TSE:FRU - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$14.14 and traded as high as C$14.51. Freehold Royalties shares last traded at C$14.47, with a volume of 336,560 shares trading hands.
Analyst Upgrades and Downgrades
FRU has been the topic of a number of research reports. Raymond James cut their target price on shares of Freehold Royalties from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a research report on Friday, January 19th. National Bankshares upped their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company an "outperform" rating in a report on Friday, April 19th. ATB Capital decreased their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. CIBC reduced their price objective on shares of Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating for the company in a research report on Tuesday, January 16th. Finally, Canaccord Genuity Group reduced their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$17.75.
View Our Latest Stock Analysis on FRU
Freehold Royalties Price Performance
The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The stock's fifty day moving average is C$14.28 and its 200-day moving average is C$14.14. The stock has a market cap of C$2.18 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01.
Freehold Royalties (TSE:FRU - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$80.06 million for the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. As a group, equities analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.
Freehold Royalties Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.46%. Freehold Royalties's dividend payout ratio (DPR) is presently 122.73%.
About Freehold Royalties
(
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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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