Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer David Michael Spyker acquired 20,000 shares of the company's stock in a transaction dated Thursday, May 16th. The shares were purchased at an average price of C$13.80 per share, with a total value of C$276,000.00.
Freehold Royalties Price Performance
Shares of TSE:FRU traded up C$0.05 during trading on Thursday, reaching C$13.66. The company had a trading volume of 412,758 shares, compared to its average volume of 355,429. Freehold Royalties Ltd. has a twelve month low of C$12.66 and a twelve month high of C$15.27. The company has a debt-to-equity ratio of 24.39, a quick ratio of 1.50 and a current ratio of 1.36. The firm has a market capitalization of C$2.06 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of -0.92 and a beta of 2.00. The firm's fifty day moving average is C$14.29 and its 200 day moving average is C$14.09.
Freehold Royalties (TSE:FRU - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. The business had revenue of C$80.06 million during the quarter. Freehold Royalties had a net margin of 43.19% and a return on equity of 14.40%. On average, equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.
Freehold Royalties Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.09 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.08 annualized dividend and a dividend yield of 7.91%. Freehold Royalties's dividend payout ratio (DPR) is presently 120.00%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on FRU shares. Acumen Capital set a C$18.00 target price on shares of Freehold Royalties in a research report on Wednesday, May 8th. Canaccord Genuity Group decreased their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a "buy" rating for the company in a research report on Wednesday, April 17th. BMO Capital Markets set a C$15.00 target price on Freehold Royalties and gave the stock a "market perform" rating in a research report on Wednesday, March 13th. Desjardins reduced their price target on Freehold Royalties from C$17.25 to C$17.00 and set a "buy" rating for the company in a report on Wednesday, May 8th. Finally, National Bankshares lifted their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$17.55.
Read Our Latest Stock Report on FRU
About Freehold Royalties
(
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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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