Freehold Royalties (TSE:FRU) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Freehold Royalties Ltd. (TSE:FRU) shares recently crossed above their 200-day moving average of C$12.49, trading at C$13.01 with a volume of over 1 million shares.
• Analysts have lowered their price targets for the stock, with a consensus price target now at C$15.40 and a consensus rating of "Hold."
• The company declared a monthly dividend of $0.09 per share, representing an annualized yield of 8.3%, despite a payout ratio of 122.40%.

Shares of Freehold Royalties Ltd. (TSE:FRU - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$12.49 and traded as high as C$13.30. Freehold Royalties shares last traded at C$13.01, with a volume of 1,057,659 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on FRU shares. CIBC dropped their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Desjardins cut their price target 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. Finally, Raymond James Financial reduced their price objective on shares of Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Freehold Royalties has a consensus rating of "Hold" and a consensus target price of C$15.40.

Freehold Royalties Stock Up 0.2%

The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The business has a fifty day simple moving average of C$12.94 and a two-hundred day simple moving average of C$12.50. The company has a market cap of C$1.97 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93.

Freehold Royalties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 8.2%. Freehold Royalties's dividend payout ratio is 122.40%.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, Senior Officer Robert Alexander King acquired 16,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of C$12.31 per share, for a total transaction of C$203,115.00. Also, Director Kimberley Elizabeth Lynch Proctor purchased 6,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were purchased at an average price of C$12.97 per share, with a total value of C$77,820.00. Over the last three months, insiders have acquired 64,850 shares of company stock worth $812,206. Insiders own 0.45% of the company's stock.

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.