TSE:FRU - Get Free Report ) Senior Officer Ian C. Hantke bought 8,590 shares of the firm's stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of C$13.91 per share, with a total value of C$119,486.90.
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Freehold Royalties Stock Down 0.3 % Freehold Royalties stock traded down C$0.04 during midday trading on Wednesday, hitting C$14.01. 689,953 shares of the company's stock were exchanged, compared to its average volume of 348,339. The company has a market cap of C$2.11 billion, a PE ratio of 15.74, a P/E/G ratio of -0.92 and a beta of 2.01. The firm has a 50-day moving average of C$14.30 and a two-hundred day moving average of C$14.12. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. Freehold Royalties Ltd. has a 12 month low of C$12.66 and a 12 month high of C$15.27.
Freehold Royalties (TSE:FRU - Get Free Report ) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The business had revenue of C$80.06 million for the quarter. As a group, analysts expect that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.
Freehold Royalties Announces Dividend The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 annualized dividend and a yield of 7.71%. Freehold Royalties's dividend payout ratio (DPR) is presently 122.73%.
Wall Street Analyst Weigh In Several equities research analysts have recently commented on the company. Canaccord Genuity Group reduced their price objective on Freehold Royalties from C$19.50 to C$19.00 and set a "buy" rating for the company in a research note on Wednesday, April 17th. National Bankshares lifted their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the company an "outperform" rating in a research report on Friday, April 19th. Desjardins reduced their target price on shares of Freehold Royalties from C$17.25 to C$17.00 and set a "buy" rating for the company in a report on Wednesday. CIBC dropped their price target on shares of Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating for the company in a research report on Tuesday, January 16th. Finally, BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the stock a "market perform" rating in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Freehold Royalties has an average rating of "Moderate Buy" and an average target price of C$17.55.
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Freehold Royalties Company Profile (
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Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.
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