Freehold Royalties Ltd. (FRU) To Go Ex-Dividend on April 29th

Freehold Royalties Ltd. (TSE:FRU) announced a monthly dividend on Tuesday, April 16th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.09 per share on Wednesday, May 15th. This represents a $1.08 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Monday, April 29th.

Freehold Royalties Stock Performance

FRU stock opened at C$14.25 on Thursday. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. The stock has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 16.19, a PEG ratio of -0.92 and a beta of 2.01. Freehold Royalties has a 1 year low of C$12.66 and a 1 year high of C$15.27. The stock’s fifty day moving average is C$14.19 and its two-hundred day moving average is C$14.14.

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

Wall Street Analyst Weigh In

FRU has been the topic of several research reports. National Bankshares dropped their price target on shares of Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. CIBC reduced their price target on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. ATB Capital reduced their target price on Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. Raymond James reduced their target price on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, Canaccord Genuity Group cut their price target on Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$17.64.

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.