Freehold Royalties (TSE:FRU) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Freehold Royalties Ltd. (TSE:FRU) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.36 and traded as high as C$17.67. Freehold Royalties shares last traded at C$17.31, with a volume of 383,612 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on FRU shares. TD Securities decreased their price target on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Raymond James Financial cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and upped their price target for the company from C$17.50 to C$18.00 in a research report on Monday, March 30th. Royal Bank Of Canada upped their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday, April 13th. Finally, Desjardins decreased their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Freehold Royalties currently has a consensus rating of “Hold” and an average price target of C$17.03.

Freehold Royalties Stock Performance

The company has a debt-to-equity ratio of 30.45, a current ratio of 1.73 and a quick ratio of 1.50. The company’s 50-day moving average price is C$17.37 and its two-hundred day moving average price is C$16.36. The company has a market capitalization of C$2.84 billion, a price-to-earnings ratio of 32.06, a PEG ratio of -0.92 and a beta of 0.59.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.21 earnings per share 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. On average, equities research analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.2%. Freehold Royalties’s dividend payout ratio is 200.00%.

Insider Buying and Selling at Freehold Royalties

In related news, insider Colin Strem bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were acquired at an average cost of C$17.37 per share, with a total value of C$69,480.00. Following the completion of the purchase, the insider directly owned 24,000 shares in the company, valued at C$416,880. The trade was a 20.00% increase in their ownership of the stock. 0.45% of the stock is currently owned by company insiders.

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.