Freehold Royalties (TSE:FRU) Rating Increased to Strong-Buy at BMO Capital Markets

BMO Capital Markets upgraded shares of Freehold Royalties (TSE:FRU) from a hold rating to a strong-buy rating in a research note released on Monday,Zacks.com reports.

FRU has been the topic of a number of other reports. CIBC set a C$16.00 price objective on Freehold Royalties and gave the company a “neutral” rating in a research note on Monday. Canaccord Genuity Group reduced their price objective on shares of Freehold Royalties from C$19.00 to C$18.00 in a research note on Tuesday, October 22nd. Atb Cap Markets downgraded 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 report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$17.28.

Freehold Royalties Stock Performance

FRU traded down C$0.02 during trading on Monday, hitting C$12.40. 199,802 shares of the company traded hands, compared to its average volume of 483,868. Freehold Royalties has a one year low of C$12.39 and a one year high of C$14.84. The stock’s fifty day moving average is C$13.83 and its 200 day moving average is C$13.78. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 24.83. The firm has a market cap of C$1.87 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.71%. The ex-dividend date was Friday, November 29th. Freehold Royalties’s payout ratio is 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.