Freehold Royalties (TSE:FRU) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Freehold Royalties Ltd. shares have crossed above their 200-day moving average, trading at C$13.21, indicating potential upward momentum in stock performance.
• Wall Street analysts have a consensus rating of "Hold" for Freehold Royalties with an average price target of C$15.40, although Desjardins adjusted their target down to C$14.00.
• The company recently announced a monthly dividend of $0.09, representing an annual yield of 8.2%, despite a high dividend payout ratio of 142.11%.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$12.58 and traded as high as C$13.34. Freehold Royalties shares last traded at C$13.21, with a volume of 742,213 shares.

Wall Street Analyst Weigh In

Separately, Desjardins cut their price target on Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating for the company in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Freehold Royalties currently has an average rating of "Hold" and an average target price of C$15.40.

Freehold Royalties Stock Down 0.1%

The firm has a 50 day simple moving average of C$13.18 and a 200-day simple moving average of C$12.58. The stock has a market cap of C$2.16 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of -0.92 and a beta of 0.63. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Friday, August 29th. Freehold Royalties's dividend payout ratio is currently 142.11%.

Insider Activity

In other Freehold Royalties news, Senior Officer Susan Nagy bought 2,350 shares of Freehold Royalties stock in a transaction dated Friday, June 27th. The shares were purchased at an average cost of C$12.84 per share, for a total transaction of C$30,174.00. Also, Director Kimberley Elizabeth Lynch Proctor bought 6,000 shares of the stock in a transaction on Monday, June 23rd. The shares were bought at an average price of C$12.97 per share, with a total value of C$77,820.00. Insiders acquired a total of 16,350 shares of company stock valued at $210,308 in the last 90 days. Company 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.