Freehold Royalties Ltd. (TSE:FRU – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$17.45.
A number of equities analysts have issued reports on FRU shares. Acumen Capital set a C$18.00 price objective on shares of Freehold Royalties in a research report on Wednesday, May 8th. Desjardins lowered their price target on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. National Bankshares increased their price objective 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. Finally, Scotiabank reduced their target price on Freehold Royalties from C$18.00 to C$17.00 in a research note on Friday, July 12th.
View Our Latest Stock Report on FRU
Freehold Royalties Stock Down 0.1 %
Freehold Royalties Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a yield of 7.94%. The ex-dividend date is Friday, August 30th. Freehold Royalties’s dividend payout ratio (DPR) 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.
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