Raymond James Has Lowered Expectations for Freehold Royalties (TSE:FRU) Stock Price

Freehold Royalties (TSE:FRUFree Report) had its price objective lowered by Raymond James from C$16.00 to C$14.00 in a research note published on Wednesday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. BMO Capital Markets raised shares of Freehold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, December 16th. Desjardins raised their price objective on shares of Freehold Royalties from C$16.50 to C$17.00 and gave the company a “buy” rating in a report on Friday, March 14th. CIBC set a C$16.00 target price on shares of Freehold Royalties and gave the stock a “neutral” rating in a research note on Monday, December 16th. Scotiabank raised Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. Finally, National Bankshares lifted their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.43.

Read Our Latest Stock Report on Freehold Royalties

Freehold Royalties Price Performance

Shares of TSE FRU opened at C$11.18 on Wednesday. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The company has a market cap of C$1.68 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock’s 50-day moving average is C$12.41 and its two-hundred day moving average is C$13.15. Freehold Royalties has a 1-year low of C$10.53 and a 1-year high of C$14.77.

Freehold Royalties Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 17th were given a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 9.66%. The ex-dividend date of this dividend was Friday, February 28th. Freehold Royalties’s dividend payout ratio is currently 122.40%.

About Freehold Royalties

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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.

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Analyst Recommendations for Freehold Royalties (TSE:FRU)

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