Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Shaina Brianne Morihira purchased 8,000 shares of the firm's stock in a transaction on Monday, June 9th. The shares were purchased at an average cost of C$12.57 per share, for a total transaction of C$100,560.00.
Shaina Brianne Morihira also recently made the following trade(s):
- On Friday, June 6th, Shaina Brianne Morihira bought 20,000 shares of Freehold Royalties stock. The stock was bought at an average cost of C$12.42 per share, for a total transaction of C$248,466.00.
Freehold Royalties Stock Down 0.6%
Shares of TSE:FRU traded down C$0.08 during midday trading on Thursday, hitting C$12.81. 513,704 shares of the company's stock traded hands, compared to its average volume of 723,509. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65. The company has a market cap of C$1.93 billion, a PE ratio of 14.52, a P/E/G ratio of -0.92 and a beta of 1.93. The firm's fifty day moving average price is C$11.95 and its two-hundred day moving average price is C$12.55. Freehold Royalties Ltd. has a twelve month low of C$10.53 and a twelve month high of C$14.62.
Freehold Royalties Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 8.43%. Freehold Royalties's payout ratio is 122.40%.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Raymond James decreased their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. Desjardins decreased 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. CIBC decreased their target price on shares of Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Finally, Scotiabank raised shares of Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Freehold Royalties presently has an average rating of "Hold" and an average target price of C$15.67.
Check Out Our Latest Research Report on FRU
About Freehold Royalties
(
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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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