Freehold Royalties Ltd. (TSE:FRU) Given Consensus Rating of "Hold" by Brokerages

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.

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) have received a consensus recommendation of "Hold" from the seven analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$15.40.

Separately, Desjardins reduced 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 note on Thursday, May 22nd.

Freehold Royalties Stock Performance

FRU traded down C$0.04 during trading on Thursday, reaching C$13.38. 1,164,097 shares of the company's stock were exchanged, compared to its average volume of 691,237. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week high of C$14.62. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The business has a 50 day moving average price of C$13.11 and a 200 day moving average price of C$12.55. The company has a market capitalization of C$2.01 billion, a P/E ratio of 15.16, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The company also recently announced 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 is Friday, August 29th. Freehold Royalties's payout ratio is currently 122.40%.

Insider Activity at Freehold Royalties

In related news, Senior Officer Susan Nagy purchased 2,350 shares of Freehold Royalties stock in a transaction that occurred on Friday, June 27th. The shares were acquired at an average price of C$12.84 per share, for a total transaction of C$30,174.00. Also, Senior Officer Colin Strem purchased 4,000 shares of Freehold Royalties stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of C$12.84 per share, for a total transaction of C$51,354.80. Insiders have acquired 44,350 shares of company stock worth $559,334 in the last 90 days. Corporate insiders own 0.45% of the company's stock.

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.