Insider Buying: Freehold Royalties Ltd. (TSE:FRU) Senior Officer Purchases C$100,560.00 in Stock

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Shaina Brianne Morihira acquired 8,000 shares of Freehold Royalties stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average price of C$12.57 per share, with a total value of C$100,560.00.

Shaina Brianne Morihira also recently made the following trade(s):

• On Friday, June 6th, Shaina Brianne Morihira acquired 20,000 shares of Freehold Royalties stock. The shares were bought at an average cost of C$12.42 per share, for a total transaction of C$248,466.00.

Freehold Royalties Price Performance

Shares of TSE FRU traded up C$0.28 during midday trading on Wednesday, hitting C$12.89. 700,411 shares of the company's stock were exchanged, compared to its average volume of 725,382. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The business's fifty day moving average price is C$11.89 and its two-hundred day moving average price is C$12.56. The company has a market cap of C$1.94 billion, a price-to-earnings ratio of 14.61, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties Ltd. has a 12-month low of C$10.53 and a 12-month high of C$14.62.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date of this dividend is Friday, May 30th. Freehold Royalties's payout ratio is currently 122.40%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FRU shares. Desjardins decreased their price target on 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 reduced their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Scotiabank raised shares of Freehold Royalties to a "hold" rating in a report on Wednesday, March 19th. Finally, Raymond James cut their price target on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. 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 stock. According to MarketBeat.com, Freehold Royalties has a consensus rating of "Hold" and a consensus 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.