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 Monday . The stock traded as low as C$12.06 and last traded at C$12.38, with a volume of 330452 shares. The stock had previously closed at C$12.50.

Analyst Upgrades and Downgrades

FRU has been the subject of several recent analyst reports. Canaccord Genuity Group cut their price objective on Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the company a "neutral" rating in a research note on Monday, December 16th. Raymond James upgraded shares of Freehold Royalties to a "hold" rating in a research note on Thursday, October 17th. National Bankshares raised their target price on shares of 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. Finally, BMO Capital Markets raised Freehold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$16.71.

Freehold Royalties Stock Performance

The stock has a market capitalization of C$1.90 billion, a P/E ratio of 12.59, a PEG ratio of -0.92 and a beta of 1.93. The company's fifty day simple moving average is C$13.07 and its two-hundred day simple moving average is C$13.58. The company has a debt-to-equity ratio of 24.83, a quick ratio of 1.50 and a current ratio of 2.05.

Freehold Royalties (TSE:FRU - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. As a group, equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.08 annualized dividend and a dividend yield of 8.58%. Freehold Royalties's dividend payout ratio (DPR) is presently 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.