Freehold Royalties Ltd. (TSE:FRU) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$15.67.

A number of equities research analysts have recently commented on the stock. Scotiabank raised shares of Freehold Royalties to a “hold” rating in a research note on Wednesday, March 19th. CIBC decreased their price objective on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Desjardins cut their target price on Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating for the company in a research note on Thursday, May 22nd. Finally, Raymond James cut their price objective on Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th.

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$12.89 on Friday. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 14.61, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties has a 12 month low of C$10.53 and a 12 month high of C$14.62. The firm’s 50 day simple moving average is C$11.92 and its 200-day simple moving average is C$12.55. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date of this dividend is Friday, May 30th. Freehold Royalties’s dividend payout ratio is currently 122.40%.

Insider Activity

In other news, Senior Officer Shaina Brianne Morihira purchased 20,000 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of C$12.42 per share, for a total transaction of C$248,466.00. Also, Director Kimberley Elizabeth Lynch Proctor purchased 4,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was purchased at an average price of C$12.74 per share, for a total transaction of C$50,958.80. Over the last 90 days, insiders have purchased 52,500 shares of company stock valued at $652,857. Company insiders own 0.45% of the company’s stock.

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.