Freehold Royalties (TSE:FRU) Reaches New 12-Month Low – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU)’s share price reached a new 52-week low on Monday . The company traded as low as C$12.06 and last traded at C$12.38, with a volume of 330452 shares traded. The stock had previously closed at C$12.50.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. CIBC set a C$16.00 price target on Freehold Royalties and gave the company a “neutral” rating in a research report on Monday, December 16th. BMO Capital Markets raised Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 16th. Raymond James raised Freehold Royalties to a “hold” rating in a report on Thursday, October 17th. Canaccord Genuity Group reduced their target price on Freehold Royalties from C$19.00 to C$18.00 in a research report on Tuesday, October 22nd. Finally, National Bankshares increased their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$16.71.

Freehold Royalties Stock Down 0.8 %

The firm has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of -0.92 and a beta of 1.93. The firm has a fifty day moving average price of C$13.16 and a 200 day moving average price of C$13.60. 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 (TSE:FRU) last announced its earnings results on Thursday, November 7th. The company reported C$0.17 earnings per share for the quarter. Freehold Royalties had a return on equity of 16.17% and a net margin of 46.41%. Sell-side analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 8.71%. The ex-dividend date of this dividend is Friday, January 31st. Freehold Royalties’s 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.