Freehold Royalties Ltd. (TSE:FRU - Get Free Report) 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.
Analysts Set New Price Targets
Several analysts have recently issued reports on FRU shares. 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 cut their target price on Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating for the company in a research report on Thursday, May 22nd. Finally, Raymond James Financial dropped their target price on Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$15.40.
Check Out Our Latest Stock Report on Freehold Royalties
Freehold Royalties Trading Up 0.5%
The stock has a fifty day moving average of C$12.73 and a 200 day moving average of C$12.49. 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 capitalization of C$1.99 billion, a P/E ratio of 14.97, a PEG ratio of -0.92 and a beta of 1.93.
Freehold Royalties Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a $1.08 dividend on an annualized basis and a yield of 8.18%. Freehold Royalties's payout ratio is 122.40%.
Insider Transactions at Freehold Royalties
In other news, Senior Officer Susan Nagy bought 2,350 shares of Freehold Royalties stock in a transaction on Friday, June 27th. The shares were bought at an average cost of C$12.84 per share, with a total value of C$30,174.00. Also, Director Kimberley Elizabeth Lynch Proctor purchased 6,000 shares of Freehold Royalties stock in a transaction dated Monday, June 23rd. The stock was bought at an average cost of C$12.97 per share, for a total transaction of C$77,820.00. Over the last three months, insiders have acquired 64,850 shares of company stock valued at $812,206. 0.45% of the stock is owned by corporate insiders.
Freehold Royalties Company Profile
(
Get Free Report)
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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