Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Director Kimberley Elizabeth Lynch Proctor acquired 4,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were purchased at an average cost of C$12.74 per share, with a total value of C$50,958.80.
Freehold Royalties Trading Down 0.7%
Shares of TSE FRU traded down C$0.09 during midday trading on Thursday, hitting C$12.80. The stock had a trading volume of 115,766 shares, compared to its average volume of 719,318. The company has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 14.51, a PEG ratio of -0.92 and a beta of 1.93. Freehold Royalties Ltd. has a 1-year low of C$10.53 and a 1-year high of C$14.62. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The company has a fifty day moving average price of C$11.92 and a 200 day moving average price of C$12.55.
Freehold Royalties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.09 per share. This represents a $1.08 annualized dividend and a dividend yield of 8.44%. The ex-dividend date of this dividend is Friday, May 30th. Freehold Royalties's dividend payout ratio is currently 122.40%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Scotiabank upgraded shares of Freehold Royalties to a "hold" rating in a report on Wednesday, March 19th. Desjardins dropped their target price on shares of Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating for the company in a report on Thursday, May 22nd. CIBC lowered their price target on shares of Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Finally, Raymond James decreased their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Freehold Royalties has a consensus rating of "Hold" and an average price target of C$15.67.
Check Out Our Latest Research Report on FRU
Freehold Royalties Company Profile
(
Get Free Report)
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.
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