Freehold Royalties (TSE:FRU) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Freehold Royalties shares crossed above their 200-day moving average, reaching C$18.01 before closing at C$17.43; the stock was down 3.3% and traded 591,116 shares.
• The company reported quarterly EPS of C$0.34 on revenue of C$100.29 million, with a 43.54% net margin and 13.88% return on equity.
• Freehold Royalties declared a monthly dividend of C$0.09, representing a 6.2% annualized yield, although its dividend payout ratio is elevated at 127.06%.

Freehold Royalties Ltd. (TSE:FRU - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.19 and traded as high as C$18.01. Freehold Royalties shares last traded at C$17.43, with a volume of 591,116 shares traded.

Freehold Royalties Trading Down 3.3%

The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 28.05. The company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 20.51, a PEG ratio of -0.92 and a beta of 0.62. The company has a fifty day moving average of C$17.20 and a 200-day moving average of C$17.19.

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

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. Freehold Royalties's dividend payout ratio is currently 127.06%.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, insider Bradley Robert Monaco acquired 6,060 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average cost of C$16.56 per share, for a total transaction of C$100,353.60. Following the completion of the transaction, the insider owned 6,060 shares of the company's stock, valued at approximately C$100,353.60. The trade was a ∞ increase in their position. 0.45% of the stock is currently owned by company 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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