Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$13.94 and traded as high as C$14.02. Freehold Royalties shares last traded at C$14.01, with a volume of 812,777 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Scotiabank dropped their target price on Freehold Royalties from C$18.00 to C$17.00 in a report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$17.45.
Read Our Latest Stock Analysis on FRU
Freehold Royalties Price Performance
The company's 50-day moving average price is C$13.74 and its 200-day moving average price is C$13.94. 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 has a market cap of C$2.09 billion, a price-to-earnings ratio of 13.92, a PEG ratio of -0.92 and a beta of 1.93.
Freehold Royalties (TSE:FRU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.26 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. The company had revenue of C$84.50 million for the quarter. On average, equities research analysts forecast that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.
Freehold Royalties Dividend Announcement
The company also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 7.79%. The ex-dividend date was Friday, September 27th. Freehold Royalties's dividend payout ratio (DPR) is presently 108.00%.
About Freehold Royalties
(
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.
Read More
Before you consider Freehold Royalties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freehold Royalties wasn't on the list.
While Freehold Royalties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
