Freehold Royalties Ltd. (TSE:FRU) Senior Officer Buys C$51,354.80 in Stock

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Colin Strem bought 4,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were acquired at an average price of C$12.84 per share, with a total value of C$51,354.80.

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

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

Freehold Royalties Stock Performance

Freehold Royalties stock traded down C$0.14 during mid-day trading on Tuesday, reaching C$12.68. 918,443 shares of the stock traded hands, compared to its average volume of 747,279. The stock has a market capitalization of C$1.91 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. Freehold Royalties Ltd. has a 12-month low of C$10.53 and a 12-month high of C$14.62. The business's 50-day moving average is C$12.23 and its 200-day moving average is C$12.48.

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 given a dividend of $0.09 per share. Freehold Royalties's payout ratio is currently 122.40%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FRU. Raymond James Financial decreased their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. CIBC decreased their price target on Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Desjardins decreased their price target on Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. Finally, Scotiabank raised Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. Five 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, the stock currently has a consensus rating of "Hold" and a consensus price target of C$15.67.

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.