BMO Capital Markets upgraded shares of Freehold Royalties (TSE:FRU - Free Report) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.
A number of other brokerages have also weighed in on FRU. Canaccord Genuity Group cut their target price on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Raymond James raised Freehold Royalties to a "hold" rating in a research report on Thursday, October 17th. Atb Cap Markets lowered Freehold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 15th. Finally, CIBC set a C$16.00 price target on Freehold Royalties and gave the company a "neutral" rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Freehold Royalties presently has an average rating of "Moderate Buy" and a consensus price target of C$17.28.
Check Out Our Latest Stock Analysis on Freehold Royalties
Freehold Royalties Trading Down 1.0 %
Shares of FRU stock traded down C$0.13 during mid-day trading on Monday, reaching C$12.29. The stock had a trading volume of 1,170,348 shares, compared to its average volume of 488,534. The firm has a market capitalization of C$1.85 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock's 50-day moving average price is C$13.83 and its two-hundred day moving average price is C$13.78. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. Freehold Royalties has a 52-week low of C$12.29 and a 52-week high of C$14.84.
Freehold Royalties Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, November 29th. This represents a $1.08 annualized dividend and a dividend yield of 8.79%. Freehold Royalties's payout ratio is 108.00%.
About Freehold Royalties
(
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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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