Freehold Royalties Ltd. (TSE:FRU) Declares Jun 25 Dividend of $0.09

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) declared a jun 25 dividend on Monday, June 16th, RTT News reports. Investors of record on Monday, June 30th will be given a dividend of 0.09 per share on Tuesday, July 15th.

Freehold Royalties Stock Performance

FRU stock traded up C$0.12 on Thursday, hitting C$13.19. The company's stock had a trading volume of 332,589 shares, compared to its average volume of 729,162. The stock has a market cap of C$1.98 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The firm has a 50 day moving average of C$12.08 and a two-hundred day moving average of C$12.51. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. Freehold Royalties has a 1 year low of C$10.53 and a 1 year high of C$14.62.

Insider Activity at Freehold Royalties

In other news, Senior Officer Shaina Brianne Morihira bought 20,000 shares of Freehold Royalties stock in a transaction on Friday, June 6th. The shares were bought at an average price of C$12.42 per share, with a total value of C$248,466.00. Also, Senior Officer Colin Strem acquired 4,000 shares of Freehold Royalties stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of C$12.44 per share, with a total value of C$49,757.20. Insiders bought 52,500 shares of company stock valued at $652,857 in the last ninety days. Corporate insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Raymond James Financial dropped their target price on Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. CIBC lowered their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Desjardins dropped their price objective on shares of Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating on the stock in a research note on Thursday, May 22nd. Finally, Scotiabank upgraded shares of Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$15.67.

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.