Freehold Royalties (TSE:FRU) Hits New 52-Week Low – Time to Sell?

Freehold Royalties Ltd. (TSE:FRU)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as C$12.58 and last traded at C$12.57, with a volume of 545165 shares changing hands. The stock had previously closed at C$12.95.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FRU. Raymond James raised Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Atb Cap Markets cut shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. CIBC set a C$16.00 price objective on Freehold Royalties and gave the stock a “neutral” rating in a research note on Monday. Finally, Canaccord Genuity Group decreased their target price on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Freehold Royalties presently has a consensus rating of “Hold” and a consensus price target of C$17.28.

Freehold Royalties Trading Down 2.1 %

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 company has a market capitalization of C$1.87 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The business has a fifty day moving average price of C$13.83 and a 200 day moving average price of C$13.78.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.70%. Freehold Royalties’s dividend payout ratio is 108.00%.

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.