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

Key Points

• Freehold Royalties Ltd. shares surpassed their 200-day moving average, trading at C$13.28, while the stock has seen analyst ratings ranging from Strong Buy to Hold.
• The company recently announced a monthly dividend of $0.09 per share, offering an annualized yield of 8.1% with an upcoming ex-dividend date of August 29th.
• Insider transactions include significant purchases by senior officials, with a total of 12,350 shares valued at $159,349 bought in the last three months.

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.60 and traded as high as C$13.40. Freehold Royalties shares last traded at C$13.28, with a volume of 342,651 shares.

Wall Street Analysts Forecast Growth

Separately, Desjardins dropped 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 note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$15.40.

Freehold Royalties Trading Down 1.2%

The stock has a fifty day moving average of C$13.22 and a 200 day moving average of C$12.60. The company has a market capitalization of C$2.18 billion, a P/E ratio of 17.47, a PEG ratio of -0.92 and a beta of 0.63. The company has a debt-to-equity ratio of 22.91, a quick ratio of 1.50 and a current ratio of 1.65.

Freehold Royalties Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 15th will be issued a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend is Friday, August 29th. Freehold Royalties's dividend payout ratio (DPR) is currently 142.11%.

Insider Buying and Selling

In other Freehold Royalties news, Senior Officer Susan Nagy purchased 2,350 shares of the firm's stock in a transaction on Friday, June 27th. The shares were acquired 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 the firm's 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. In the last three months, insiders have purchased 12,350 shares of company stock valued at $159,349. 0.45% of the stock is owned by company insiders.

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.

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