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

Key Points

• Freehold Royalties stock has surpassed its 200-day moving average, trading at C$13.20, showing potential upward momentum.
• Desjardins has lowered its price target for the stock from C$14.25 to C$14.00 while maintaining a "hold" rating.
• The company recently announced a monthly dividend of $0.09, yielding 8.2%, with a payout ratio of 122.40%.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.53 and traded as high as C$13.28. Freehold Royalties shares last traded at C$13.20, with a volume of 369,794 shares traded.

Wall Street Analysts Forecast Growth

Separately, Desjardins decreased their price objective 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. 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$15.40.

Freehold Royalties Stock Down 0.3%

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 firm has a fifty day moving average price of C$13.11 and a 200 day moving average price of C$12.55. The firm has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 15.16, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be issued a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, August 29th. Freehold Royalties's dividend payout ratio (DPR) is currently 122.40%.

Insiders Place Their Bets

In other Freehold Royalties news, Director Kimberley Elizabeth Lynch Proctor purchased 6,000 shares of Freehold Royalties stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost of C$12.97 per share, with a total value of C$77,820.00. Also, Senior Officer Colin Strem purchased 4,000 shares of Freehold Royalties stock in a transaction dated Monday, June 23rd. The stock was acquired at an average cost of C$12.84 per share, with a total value of C$51,354.80. Insiders acquired 44,350 shares of company stock valued at $559,334 over the last 90 days. 0.45% of the stock is owned by corporate 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.