Brokerages Set Freehold Royalties Ltd. (TSE:FRU) Target Price at C$15.40

Key Points

• Freehold Royalties Ltd. has received a consensus rating of "Hold" from seven brokerages, with an average 1-year price target of C$15.40.
• The company declared a monthly dividend of $0.09 per share, resulting in an annualized yield of 8.2%, with a payout ratio of 122.40%.
• Insider transactions revealed significant buying activity, with executives acquiring a total of 44,350 shares worth approximately $559,334 in recent months.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$15.40.

Separately, Desjardins dropped their target price 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.

Freehold Royalties Price Performance

Shares of TSE FRU traded down C$0.05 during trading on Thursday, hitting C$13.37. The company had a trading volume of 40,907 shares, compared to its average volume of 684,277. The stock has a fifty day simple moving average of C$13.11 and a two-hundred day simple moving average of C$12.55. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week high of C$14.62. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, August 29th. Freehold Royalties's dividend payout ratio (DPR) is currently 122.40%.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, Senior Officer Colin Strem purchased 4,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were purchased at an average cost of C$12.84 per share, with a total value of C$51,354.80. Also, Director Kimberley Elizabeth Lynch Proctor purchased 6,000 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost of C$12.97 per share, for a total transaction of C$77,820.00. In the last three months, insiders bought 44,350 shares of company stock valued at $559,334. Corporate insiders own 0.45% of the company's stock.

About Freehold Royalties

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.