Freehold Royalties (TSE:FRU) Reaches New 12-Month Low - Should You Sell?

Freehold Royalties Ltd. (TSE:FRU - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$12.58 and last traded at C$12.57, with a volume of 545165 shares changing hands. The stock had previously closed at C$12.95.

Analyst Upgrades and Downgrades

FRU has been the topic of a number of research reports. Atb Cap Markets lowered shares of Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Canaccord Genuity Group reduced their price objective on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Raymond James upgraded Freehold Royalties to a "hold" rating in a report on Thursday, October 17th. Finally, CIBC set a C$16.00 price target on Freehold Royalties and gave the company a "neutral" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$17.28.

Freehold Royalties Stock Down 2.1 %

The business has a 50 day moving average of C$13.89 and a two-hundred day moving average of C$13.79. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05. The stock has a market capitalization of C$1.91 billion, a PE ratio of 12.68, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 8.52%. Freehold Royalties's payout ratio is 108.00%.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.