Freehold Royalties Ltd. (TSE:FRU - Get Free Report) declared a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Friday, May 30th.
Freehold Royalties Stock Down 1.7%
Shares of TSE:FRU traded down C$0.21 during trading on Friday, hitting C$12.31. 3,801,291 shares of the company's stock traded hands, compared to its average volume of 689,207. Freehold Royalties has a 52 week low of C$10.53 and a 52 week high of C$14.62. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The company has a 50-day moving average price of C$11.94 and a 200-day moving average price of C$12.64. The company has a market cap of C$1.85 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.
Insider Activity
In other news, Senior Officer Colin Strem bought 4,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired 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 purchased 16,500 shares of Freehold Royalties stock in a transaction 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 company insiders.
Analyst Ratings Changes
Several brokerages have recently weighed in on FRU. CIBC decreased their price target on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Scotiabank raised Freehold Royalties to a "hold" rating in a report on Wednesday, March 19th. Raymond James lowered their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Finally, Desjardins dropped their price target on shares of Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Freehold Royalties presently has a consensus rating of "Hold" and a consensus price target of C$15.67.
View Our Latest Stock Report on FRU
Freehold Royalties Company Profile
(
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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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