Freehold Royalties Ltd. (TSE:FRU - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.48 and traded as high as C$12.90. Freehold Royalties shares last traded at C$12.88, with a volume of 399,002 shares.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Scotiabank upgraded Freehold Royalties to a "hold" rating in a report on Wednesday, March 19th. Desjardins dropped their price objective on Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating on the stock in a report on Thursday, May 22nd. Raymond James Financial dropped their price objective on Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Finally, CIBC decreased their target price on Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$15.67.
Check Out Our Latest Stock Analysis on Freehold Royalties
Freehold Royalties Stock Up 0.2%
The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The firm has a 50-day simple moving average of C$12.49 and a two-hundred day simple moving average of C$12.48. The company has a market cap of C$1.94 billion, a PE ratio of 14.63, a P/E/G ratio of -0.92 and a beta of 1.93.
Freehold Royalties Announces Dividend
The firm also recently disclosed a jun 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.09 per share. Freehold Royalties's dividend payout ratio (DPR) is 122.40%.
Insider Buying and Selling at Freehold Royalties
In other news, Senior Officer Shaina Brianne Morihira bought 8,000 shares of Freehold Royalties stock in a transaction that occurred on Monday, June 9th. The shares were purchased at an average price of C$12.57 per share, for a total transaction of C$100,560.00. Also, Senior Officer Susan Nagy bought 2,350 shares of Freehold Royalties stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of C$12.84 per share, for a total transaction of C$30,174.00. Over the last ninety days, insiders have acquired 64,850 shares of company stock valued at $812,206. 0.45% of the stock is currently owned by insiders.
About Freehold Royalties
(
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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