Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Shaina Brianne Morihira acquired 20,000 shares of the company's stock in a transaction dated Friday, June 6th. The shares were bought at an average price of C$12.42 per share, for a total transaction of C$248,466.00.
Freehold Royalties Stock Performance
FRU traded up C$0.16 on Monday, hitting C$12.56. The company's stock had a trading volume of 190,694 shares, compared to its average volume of 718,903. Freehold Royalties Ltd. has a 12 month low of C$10.53 and a 12 month high of C$14.62. The firm has a market cap of C$1.89 billion, a P/E ratio of 14.24, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. 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's 50 day simple moving average is C$11.89 and its 200-day simple moving average is C$12.58.
Freehold Royalties Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be issued a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date of this dividend is Friday, May 30th. Freehold Royalties's payout ratio is currently 122.40%.
Analyst Ratings Changes
FRU has been the subject of a number of research reports. Raymond James reduced their price objective on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Scotiabank upgraded shares of Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. CIBC dropped their price target on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Desjardins lowered their price objective on shares of Freehold Royalties from C$14.25 to C$14.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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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