Freehold Royalties (TSE:FRU) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.83 and traded as low as C$16.31. Freehold Royalties shares last traded at C$16.41, with a volume of 564,269 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FRU shares. Royal Bank Of Canada boosted their target price on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, April 13th. Raymond James Financial cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$17.03.

Freehold Royalties Trading Up 0.2%

The stock’s fifty day moving average price is C$16.91 and its 200 day moving average price is C$16.83. The stock has a market cap of C$2.69 billion, a P/E ratio of 30.39, a PEG ratio of -0.92 and a beta of 0.59. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45.

Freehold Royalties (TSE:FRU) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. The company had revenue of C$77.82 million during the quarter. Equities research analysts expect that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be issued a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date is Friday, July 31st. Freehold Royalties’s dividend payout ratio is 200.00%.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, insider Bradley Robert Monaco bought 6,060 shares of the stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of C$16.56 per share, for a total transaction of C$100,353.60. Following the completion of the acquisition, the insider owned 6,060 shares of the company’s stock, valued at approximately C$100,353.60. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 0.45% of the company’s stock.

About Freehold Royalties

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.