Freehold Royalties (TSE:FRU) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Freehold Royalties shares surged above their 200-day moving average, reaching a high of C$13.66, with the current trading price at C$13.54.
• The company recently announced a quarterly dividend of $0.09 per share, set to be paid on October 15th, which translates to an annual yield of 2.7%.
• Insider purchases have occurred, with Senior Officers acquiring a total of 12,350 shares worth approximately $159,349 over the past quarter.

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$12.64 and traded as high as C$13.66. Freehold Royalties shares last traded at C$13.54, with a volume of 2,689,093 shares trading hands.

Freehold Royalties Stock Performance

The firm has a market capitalization of C$2.26 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of -0.92 and a beta of 0.63. 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 firm has a 50-day moving average price of C$13.32 and a 200 day moving average price of C$12.66.

Freehold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.6%. Freehold Royalties's dividend payout ratio (DPR) is presently 142.11%.

Insider Transactions at Freehold Royalties

In other news, Senior Officer Susan Nagy acquired 2,350 shares of the company's stock in a transaction dated Friday, June 27th. The shares were bought at an average price of C$12.84 per share, with a total value of C$30,174.00. 0.45% of the stock is owned by company insiders.

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.