Freehold Royalties (TSE:FRU) Hits New 52-Week Low - Time to Sell?

Freehold Royalties Ltd. (TSE:FRU - Get Free Report)'s stock price reached a new 52-week low on Friday . The stock traded as low as C$11.46 and last traded at C$11.46, with a volume of 359622 shares changing hands. The stock had previously closed at C$12.29.

Analysts Set New Price Targets

FRU has been the topic of a number of research analyst reports. BMO Capital Markets upgraded Freehold Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the company a "neutral" rating in a research note on Monday, December 16th. Scotiabank raised Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. National Bankshares upped their price target on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Desjardins upped their price objective on Freehold Royalties from C$16.50 to C$17.00 and gave the company a "buy" rating in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Freehold Royalties presently has a consensus rating of "Moderate Buy" and an average price target of C$17.00.

Freehold Royalties Stock Up 6.4 %

The business's 50-day moving average is C$12.50 and its 200-day moving average is C$13.19. The company has a market capitalization of C$1.74 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 9.34%. Freehold Royalties's dividend payout ratio is presently 122.40%.

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.