Freehold Royalties Ltd. (TSE:FRU - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$12.49 and traded as high as C$13.27. Freehold Royalties shares last traded at C$13.25, with a volume of 571,796 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Raymond James Financial decreased their price target on Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. CIBC decreased their price target on Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Finally, 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. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned 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$15.40.
Get Our Latest Stock Report on FRU
Freehold Royalties Stock Performance
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 company's 50-day moving average is C$12.68 and its two-hundred day moving average is C$12.49. The company has a market capitalization of C$1.99 billion, a P/E ratio of 15.02, a PEG ratio of -0.92 and a beta of 1.93.
Freehold Royalties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend is Thursday, July 31st. Freehold Royalties's dividend payout ratio (DPR) is 122.40%.
Insider Buying and Selling
In other Freehold Royalties news, Director Kimberley Elizabeth Lynch Proctor purchased 6,000 shares of Freehold Royalties stock in a transaction on Monday, June 23rd. The shares were acquired at an average cost of C$12.97 per share, for a total transaction of C$77,820.00. Also, Senior Officer Robert Alexander King purchased 16,500 shares of Freehold Royalties stock in a transaction on Thursday, May 15th. The shares were acquired at an average price of C$12.31 per share, for a total transaction of C$203,115.00. Insiders purchased 64,850 shares of company stock valued at $812,206 in the last 90 days. 0.45% of the stock is owned by company insiders.
Freehold Royalties Company Profile
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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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