Freehold Royalties Ltd. (TSE:FRU - Get Free Report) announced a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Investors of record on Monday, June 16th will be given a dividend of 0.09 per share on Monday, June 16th. This represents a $1.08 dividend on an annualized basis and a yield of 8.77%. The ex-dividend date is Friday, May 30th.
Freehold Royalties Stock Performance
FRU stock traded down C$0.21 during trading on Friday, reaching C$12.31. 3,801,291 shares of the stock were exchanged, compared to its average volume of 689,207. Freehold Royalties has a twelve month low of C$10.53 and a twelve month high of C$14.62. The company has a market capitalization of C$1.85 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock has a 50 day simple moving average of C$11.94 and a 200-day simple moving average of C$12.65. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91.
Insider Activity
In related news, Senior Officer Colin Strem acquired 4,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average price of C$12.44 per share, for a total transaction of C$49,757.20. Also, Senior Officer Robert Alexander King acquired 16,500 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average price of C$12.31 per share, with a total value of C$203,115.00. 0.45% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on FRU. Desjardins decreased their price objective on Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. National Bankshares lifted 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 cut their target price on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Raymond James cut their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Finally, Scotiabank upgraded shares of Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$15.67.
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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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