Freehold Royalties Ltd. (TSE:FRU - Get Free Report) announced a monthly dividend on Tuesday, April 16th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date is Monday, April 29th.
Freehold Royalties Trading Down 0.4 %
Shares of TSE:FRU traded down C$0.06 on Thursday, reaching C$14.19. 166,680 shares of the company traded hands, compared to its average volume of 349,355. Freehold Royalties has a 52 week low of C$12.66 and a 52 week high of C$15.27. 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 business's 50-day simple moving average is C$14.20 and its 200 day simple moving average is C$14.13. The stock has a market capitalization of C$2.14 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01.
Freehold Royalties (TSE:FRU - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The business had revenue of C$80.06 million for the quarter. As a group, equities analysts anticipate that Freehold Royalties will post 0.7581169 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
FRU has been the subject of several analyst reports. National Bankshares dropped their price target on shares of Freehold Royalties from C$20.00 to C$17.00 and set an "outperform" rating for the company in a research report on Wednesday, January 10th. Raymond James reduced their price target on 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. Canaccord Genuity Group dropped their price objective on Freehold Royalties from C$19.50 to C$19.00 and set a "buy" rating for the company in a report on Wednesday. CIBC reduced their target price on Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 16th. Finally, ATB Capital dropped their price target on Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$17.64.
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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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