Freehold Royalties (TSE:FRU) Sets New 1-Year High – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$16.18 and last traded at C$16.18, with a volume of 333137 shares changing hands. The stock had previously closed at C$16.08.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FRU shares. Raymond James Financial upgraded shares of Freehold Royalties from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$14.50 to C$17.50 in a research report on Tuesday, December 9th. CIBC increased their price objective on shares of Freehold Royalties from C$14.50 to C$15.25 in a report on Friday, November 14th. Scotiabank raised their price objective on Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 20th. Canaccord Genuity Group boosted their target price on Freehold Royalties from C$16.00 to C$17.00 in a research report on Friday, November 14th. Finally, Natl Bk Canada cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Freehold Royalties has an average rating of “Hold” and an average target price of C$15.79.

Freehold Royalties Trading Up 0.6%

The company has a 50-day moving average of C$15.18 and a 200 day moving average of C$14.15. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The company has a market cap of C$2.65 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of -0.92 and a beta of 0.60.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$74.36 million for the quarter. Freehold Royalties had a return on equity of 14.43% and a net margin of 42.42%. Analysts predict that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 17th were given a $0.09 dividend. The ex-dividend date was Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 6.7%. Freehold Royalties’s dividend payout ratio (DPR) is currently 135.00%.

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. The majority of its revenue is generated from Canada Segment.