Freehold Royalties Ltd. (TSE:FRU - Get Free Report) shares dropped 3.6% during mid-day trading on Tuesday . The stock traded as low as C$13.04 and last traded at C$13.16. Approximately 3,532,615 shares traded hands during mid-day trading, an increase of 665% from the average daily volume of 461,979 shares. The stock had previously closed at C$13.65.
Analyst Ratings Changes
FRU has been the subject of several recent research reports. Raymond James upgraded Freehold Royalties to a "hold" rating in a research note on Thursday, October 17th. Canaccord Genuity Group decreased their price objective on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Finally, Atb Cap Markets cut Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$17.35.
Read Our Latest Report on FRU
Freehold Royalties Stock Up 0.2 %
The company has a market cap of C$1.99 billion, a PE ratio of 13.16, 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 2.05 and a debt-to-equity ratio of 24.83. The firm's fifty day simple moving average is C$13.95 and its 200-day simple moving average is C$13.80.
Freehold Royalties Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Friday, November 29th. Freehold Royalties's dividend payout ratio (DPR) is presently 108.00%.
Freehold Royalties Company Profile
(
Get Free Report)
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.
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