Freehold Royalties (TSE:FRU) Sets New 12-Month Low – Time to Sell?

Freehold Royalties Ltd. (TSE:FRU) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$11.88 and last traded at C$11.89, with a volume of 297672 shares traded. The stock had previously closed at C$12.23.

Analysts Set New Price Targets

FRU has been the subject of several research analyst reports. CIBC set a C$16.00 price objective on Freehold Royalties and gave the company a “neutral” rating in a report on Monday, December 16th. BMO Capital Markets upgraded shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th. Finally, National Bankshares lifted 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, January 30th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$16.71.

Freehold Royalties Stock Performance

The stock’s 50-day moving average is C$12.85 and its 200 day moving average is C$13.41. The stock has a market cap of C$1.82 billion, a price-to-earnings ratio of 13.70, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.93%. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.40%.

Freehold Royalties Company Profile

Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville and Bakken basins primarily located in the states of Texas, Louisiana, and North Dakota.