Freehold Royalties Ltd. (TSE:FRU) Receives C$17.03 Consensus Target Price from Analysts

Shares of Freehold Royalties Ltd. (TSE:FRU) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$17.03.

Several research analysts recently weighed in on the company. TD Securities dropped their price target on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Raymond James Financial lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$17.50 to C$18.00 in a research report on Monday, March 30th. Desjardins dropped their price target on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. Finally, Royal Bank Of Canada upped their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday, April 13th.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, insider Colin Strem purchased 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The shares were purchased at an average cost of C$17.37 per share, with a total value of C$69,480.00. Following the completion of the transaction, the insider owned 24,000 shares of the company’s stock, valued at approximately C$416,880. This represents a 20.00% increase in their ownership of the stock. Also, insider Bradley Robert Monaco purchased 6,060 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of C$16.56 per share, for a total transaction of C$100,353.60. Following the completion of the transaction, the insider directly owned 6,060 shares of the company’s stock, valued at C$100,353.60. This trade represents a ∞ increase in their position. 0.45% of the stock is currently owned by insiders.

Freehold Royalties Stock Up 0.1%

Shares of Freehold Royalties stock opened at C$16.27 on Friday. The stock’s fifty day moving average is C$17.23 and its 200-day moving average is C$16.72. The firm has a market capitalization of C$2.67 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of -0.92 and a beta of 0.56. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 30.45. Freehold Royalties has a 12-month low of C$12.69 and a 12-month high of C$18.22.

Freehold Royalties (TSE:FRU) last announced its earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$77.82 million for the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%. Equities analysts anticipate that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Freehold Royalties’s payout ratio is presently 200.00%.

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