Freehold Royalties (TSE:FRU) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Freehold Royalties shares moved above their 200-day moving average, reaching C$17.60 and last trading at C$17.50, compared with the 200-day average of C$17.08.
• The company reported quarterly EPS of C$0.34 on C$100.29 million in revenue, with a 43.54% net margin and 13.88% return on equity.
• Freehold Royalties announced a monthly dividend of $0.09 per share, representing a 6.2% annualized yield; the dividend’s payout ratio is 127.06%.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.08 and traded as high as C$17.60. Freehold Royalties shares last traded at C$17.50, with a volume of 442,506 shares.

Freehold Royalties Trading Up 0.2%

The stock has a 50-day moving average of C$16.69 and a 200 day moving average of C$17.08. The company has a quick ratio of 1.50, a current ratio of 1.80 and a debt-to-equity ratio of 28.05. The stock has a market cap of C$2.87 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59.

Freehold Royalties (TSE:FRU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$0.34 earnings per share (EPS) for the quarter. The company had revenue of C$100.29 million during the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. As a group, sell-side analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, August 31st. Freehold Royalties's dividend payout ratio (DPR) is 127.06%.

Insider Transactions at Freehold Royalties

In other Freehold Royalties news, insider Bradley Robert Monaco purchased 6,060 shares of the stock in a transaction on Monday, June 22nd. The shares were bought at an average cost of C$16.56 per share, with a total value of C$100,353.60. Following the completion of the acquisition, the insider owned 6,060 shares in the company, valued at C$100,353.60. This trade represents a ∞ increase in their ownership of the stock. 0.45% of the stock is owned by corporate insiders.

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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