Freehold Royalties (TSE:FRU) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Freehold Royalties shares rose above their 200-day moving average, reaching C$17.26 and closing at C$17.19, up 1.6%. The 200-day average is C$17.03.
• Analyst sentiment remains cautious, with one Buy rating and five Holds. RBC raised its price target from C$17.00 to C$18.00, while the consensus rating is “Hold” with an average target of C$17.03.
• The company declared a monthly dividend of C$0.09 per share, implying a 6.3% annualized yield. Its latest quarter included C$0.34 in EPS and C$100.29 million in revenue, though the dividend payout ratio is elevated at 127.06%.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.03 and traded as high as C$17.26. Freehold Royalties shares last traded at C$17.19, with a volume of 528,529 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lifted their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$17.03.

Freehold Royalties Trading Up 1.6%

The firm has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. The company has a fifty day moving average price of C$16.71 and a 200-day moving average price of C$17.03. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 28.05.

Freehold Royalties (TSE:FRU - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$0.34 EPS for the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. The firm had revenue of C$100.29 million for the quarter. On average, equities research analysts predict that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Monday, August 31st. Freehold Royalties's dividend payout ratio (DPR) is 127.06%.

Insider Buying and Selling at Freehold Royalties

In other news, insider Bradley Robert Monaco acquired 6,060 shares of Freehold Royalties stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of C$16.56 per share, for a total transaction of C$100,353.60. Following the completion of the purchase, the insider owned 6,060 shares of the company's stock, valued at C$100,353.60. This represents a ∞ increase in their ownership of the stock. Insiders own 0.45% of the company's stock.

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. The majority of its revenue is generated from Canada Segment.

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