Freehold Royalties (TSE:FRU) Reaches New 12-Month High – Should You Buy?

Freehold Royalties Ltd. (TSE:FRU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.58 and last traded at C$14.53, with a volume of 210733 shares. The stock had previously closed at C$14.35.

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price objective on shares of Freehold Royalties from C$14.50 to C$15.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$14.50.

Freehold Royalties Trading Up 0.6%

The firm has a market capitalization of C$2.37 billion, a P/E ratio of 18.99, a PEG ratio of -0.92 and a beta of 0.53. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The firm has a 50 day moving average of C$13.77 and a 200-day moving average of C$13.11.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) annualized dividend and a yield of 7.5%. Freehold Royalties’s dividend payout ratio (DPR) is 142.11%.

About Freehold Royalties

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.