Freehold Royalties Ltd. (TSE:FRU) Declares Monthly Dividend of $0.09

Freehold Royalties Ltd. (TSE:FRU) declared a monthly dividend on Monday, May 6th, TickerTech reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.09 per share on Monday, June 17th. This represents a $1.08 annualized dividend and a dividend yield of 7.71%. The ex-dividend date is Friday, May 31st.

Freehold Royalties Stock Down 0.3 %

Freehold Royalties stock traded down C$0.04 during midday trading on Wednesday, hitting C$14.01. The stock had a trading volume of 689,247 shares, compared to its average volume of 348,339. The business has a fifty day moving average price of C$14.30 and a 200 day moving average price of C$14.12. Freehold Royalties has a 12 month low of C$12.66 and a 12 month high of C$15.27. The stock has a market cap of C$2.11 billion, a P/E ratio of 15.74, a P/E/G ratio of -0.92 and a beta of 2.01. 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 (TSE:FRU) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. The business had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. Research analysts predict that Freehold Royalties will post 0.7581169 EPS for the current year.

Insider Buying and Selling at Freehold Royalties

In other news, Senior Officer Ian C. Hantke bought 8,590 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of C$13.91 per share, with a total value of C$119,486.90. 0.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FRU shares. Canaccord Genuity Group lowered their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. National Bankshares raised their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the company a “market perform” rating in a research note on Wednesday, March 13th. Acumen Capital set a C$18.00 price target on shares of Freehold Royalties in a research report on Wednesday. Finally, Desjardins cut their price objective on shares of Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$17.55.

About Freehold Royalties

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.