Freehold Royalties Ltd. (TSE:FRU) Senior Officer Colin Strem Purchases 4,000 Shares

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Colin Strem acquired 4,000 shares of the company's stock in a transaction dated Monday, June 23rd. The stock was purchased at an average cost of C$12.84 per share, for a total transaction of C$51,354.80.

Colin Strem also recently made the following trade(s):

• On Wednesday, May 21st, Colin Strem acquired 4,000 shares of Freehold Royalties stock. The stock was purchased at an average cost of C$12.44 per share, for a total transaction of C$49,757.20.

Freehold Royalties Trading Up 1.4%

Shares of Freehold Royalties stock traded up C$0.18 on Thursday, reaching C$12.86. 456,453 shares of the company were exchanged, compared to its average volume of 742,511. The stock has a fifty day moving average price of C$12.27 and a 200-day moving average price of C$12.48. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. 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 Ltd. has a fifty-two week low of C$10.53 and a fifty-two week high of C$14.62.

Freehold Royalties Announces Dividend

The firm also recently declared a jun 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.09 per share. Freehold Royalties's dividend payout ratio is 122.40%.

Wall Street Analysts Forecast Growth

FRU has been the topic of a number of research reports. Scotiabank raised Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. Desjardins dropped their price objective on 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. Raymond James Financial dropped their price objective on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Finally, CIBC cut their target price on Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Five investment 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 company's stock. According to MarketBeat, Freehold Royalties has a consensus rating of "Hold" and an average target price 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.