Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Shaina Brianne Morihira bought 20,000 shares of the firm's stock in a transaction on Friday, June 6th. The stock was acquired at an average cost of C$12.42 per share, with a total value of C$248,466.00.
Shaina Brianne Morihira also recently made the following trade(s):
- On Monday, June 9th, Shaina Brianne Morihira bought 8,000 shares of Freehold Royalties stock. The shares were bought at an average price of C$12.57 per share, for a total transaction of C$100,560.00.
Freehold Royalties Stock Down 0.6%
Shares of FRU stock traded down C$0.08 during trading on Thursday, reaching C$12.81. The company's stock had a trading volume of 513,704 shares, compared to its average volume of 723,509. Freehold Royalties Ltd. has a one year low of C$10.53 and a one year high of C$14.62. The business has a fifty day moving average price of C$11.95 and a 200-day moving average price of C$12.55. The company has a market cap of C$1.93 billion, a price-to-earnings ratio of 14.52, 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.
Freehold Royalties Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 16th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, May 30th. This represents a $1.08 annualized dividend and a yield of 8.43%. Freehold Royalties's dividend payout ratio (DPR) is presently 122.40%.
Analysts Set New Price Targets
Several research firms have recently weighed in on FRU. Raymond James reduced their price target on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Scotiabank raised shares of Freehold Royalties to a "hold" rating in a research note on Wednesday, March 19th. Desjardins lowered their target price on 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. Finally, CIBC cut their price target on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Five investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$15.67.
Read Our Latest Stock Report on FRU
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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