Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Director Kimberley Elizabeth Lynch Proctor bought 4,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were acquired at an average cost of C$12.74 per share, with a total value of C$50,958.80.
Freehold Royalties Stock Performance
Shares of Freehold Royalties stock traded up C$0.19 on Friday, reaching C$13.00. 1,482,358 shares of the company traded hands, compared to its average volume of 730,165. Freehold Royalties Ltd. has a 52 week low of C$10.53 and a 52 week high of C$14.62. The company has a 50 day moving average of C$11.99 and a 200 day moving average of C$12.54. The firm has a market capitalization of C$1.95 billion, a PE ratio of 14.73, a PEG ratio of -0.92 and a beta of 1.93. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50.
Freehold Royalties Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be paid a dividend of $0.09 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.31%. The ex-dividend date is Friday, May 30th. Freehold Royalties's payout ratio is currently 122.40%.
Wall Street Analyst Weigh In
FRU has been the subject of a number of recent analyst reports. Raymond James reduced their price objective on shares of Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. Scotiabank raised shares of Freehold Royalties to a "hold" rating in a research report on Wednesday, March 19th. Desjardins reduced their price objective on shares of 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. Finally, CIBC reduced their price objective on shares of Freehold Royalties from C$16.00 to C$15.00 in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$15.67.
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About Freehold Royalties
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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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