Freehold Royalties (TSE:FRU) Hits New 1-Year Low – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$11.46 and last traded at C$11.46, with a volume of 359622 shares traded. The stock had previously closed at C$12.29.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BMO Capital Markets upgraded Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Desjardins boosted their price objective on shares of Freehold Royalties from C$16.50 to C$17.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. National Bankshares raised their target price 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. CIBC set a C$16.00 price target on shares of Freehold Royalties and gave the stock a “neutral” rating in a research report on Monday, December 16th. Finally, Scotiabank raised Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$17.00.

Freehold Royalties Stock Down 7.8 %

The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The firm has a 50 day moving average price of C$12.61 and a two-hundred day moving average price of C$13.24. The company has a market capitalization of C$1.70 billion, a price-to-earnings ratio of 12.84, a P/E/G ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 17th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 9.53%. Freehold Royalties’s dividend payout ratio 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.