Freehold Royalties (TSE:FRU) Cut to "Hold" at Desjardins

Desjardins lowered shares of Freehold Royalties (TSE:FRU - Free Report) from a buy rating to a hold rating in a report published on Tuesday morning, Marketbeat Ratings reports. Desjardins currently has C$14.25 target price on the stock, down from their previous target price of C$15.00.

Other analysts have also issued research reports about the company. BMO Capital Markets upgraded Freehold Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. National Bankshares increased their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Scotiabank upgraded Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. CIBC decreased their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Finally, Raymond James lowered their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$16.04.

Freehold Royalties Stock Up 1.2 %

Shares of TSE:FRU traded up C$0.14 during trading on Tuesday, reaching C$11.77. The stock had a trading volume of 779,994 shares, compared to its average volume of 730,178. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The company has a market capitalization of C$1.77 billion, a P/E ratio of 13.34, a PEG ratio of -0.92 and a beta of 1.93. The firm's 50-day simple moving average is C$12.29 and its 200 day simple moving average is C$13.06. Freehold Royalties has a one year low of C$10.53 and a one year high of C$14.62.

Freehold Royalties Announces Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.09 dividend. This represents a dividend yield of 9.6%. The ex-dividend date of this dividend is Wednesday, April 30th. Freehold Royalties's dividend payout ratio (DPR) is currently 122.40%.

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.