Freehold Royalties (TSE:FRU) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$13.83 and traded as high as C$14.21. Freehold Royalties shares last traded at C$14.10, with a volume of 549,224 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their target price on Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Raymond James upgraded Freehold Royalties to a “hold” rating in a research note on Thursday, October 17th. Finally, Atb Cap Markets cut Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Freehold Royalties currently has an average rating of “Moderate Buy” and an average target price of C$17.35.

Freehold Royalties Trading Up 0.4 %

The firm has a market cap of C$2.12 billion, a P/E ratio of 14.10, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 24.83. The company’s fifty day moving average price is C$13.87 and its two-hundred day moving average price is C$13.83.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a yield of 7.66%. Freehold Royalties’s dividend payout ratio is 108.00%.

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.