Freehold Royalties (TSE:FRU) Stock Price Down 3.6% – Should You Sell?

Shares of Freehold Royalties Ltd. (TSE:FRU) were down 3.6% during mid-day trading on Tuesday . The company traded as low as C$13.04 and last traded at C$13.16. Approximately 3,532,615 shares changed hands during trading, an increase of 665% from the average daily volume of 461,979 shares. The stock had previously closed at C$13.65.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FRU shares. Canaccord Genuity Group reduced their price target on shares of Freehold Royalties from C$19.00 to C$18.00 in a report on Tuesday, October 22nd. Atb Cap Markets lowered shares of Freehold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James raised Freehold Royalties to a “hold” rating in a research report on Thursday, October 17th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Freehold Royalties has a consensus rating of “Moderate Buy” and a consensus price target of C$17.35.

Freehold Royalties Stock Down 1.4 %

The firm’s 50 day moving average is C$13.93 and its two-hundred day moving average is C$13.80. The firm has a market cap of C$1.96 billion, a P/E ratio of 13.23, 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.

Freehold Royalties Dividend Announcement

The company also recently disclosed 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 is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.28%. Freehold Royalties’s payout ratio is presently 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.