Freehold Royalties (TSE:FRU) Given New C$17.00 Price Target at Desjardins

Freehold Royalties (TSE:FRU) had its price target cut by Desjardins from C$17.25 to C$17.00 in a report published on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on the company. National Bankshares upped their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company an outperform rating in a research report on Friday, April 19th. CIBC lowered their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a neutral rating on the stock in a research note on Tuesday, January 16th. Acumen Capital set a C$18.00 price target on shares of Freehold Royalties in a report on Wednesday. Canaccord Genuity Group decreased their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Finally, BMO Capital Markets set a C$15.00 price objective on Freehold Royalties and gave the company a market perform rating in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Freehold Royalties has an average rating of Moderate Buy and an average price target of C$17.55.

Freehold Royalties Stock Down 0.3 %

Freehold Royalties stock opened at C$14.01 on Wednesday. The firm has a 50 day simple moving average of C$14.30 and a 200 day simple moving average of C$14.11. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. Freehold Royalties has a 1-year low of C$12.66 and a 1-year high of C$15.27. The firm has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of -0.92 and a beta of 2.01.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The company had revenue of C$80.06 million during the quarter. On average, analysts predict that Freehold Royalties will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date of this dividend is Thursday, May 30th. Freehold Royalties’s dividend payout ratio is currently 122.73%.

Insider Transactions at Freehold Royalties

In related news, Senior Officer Ian C. Hantke acquired 8,590 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of C$13.91 per share, with a total value of C$119,486.90. 0.40% of the stock is currently owned by insiders.

Freehold Royalties Company Profile

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.