Kimberley Elizabeth Lynch Proctor Buys 4,000 Shares of Freehold Royalties Ltd. (TSE:FRU) Stock

Freehold Royalties Ltd. (TSE:FRU) Director Kimberley Elizabeth Lynch Proctor acquired 4,000 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of C$12.74 per share, for a total transaction of C$50,958.80.

Freehold Royalties Stock Down 0.6%

FRU stock opened at C$12.81 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The company’s 50 day moving average is C$11.95 and its 200 day moving average is C$12.55. The stock 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. Freehold Royalties Ltd. has a 1-year low of C$10.53 and a 1-year high of C$14.62.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a dividend yield of 8.43%. The ex-dividend date of this dividend is Friday, May 30th. Freehold Royalties’s dividend payout ratio (DPR) is 122.40%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FRU shares. Desjardins lowered their price target on shares of Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating on the stock in a report on Thursday, May 22nd. Raymond James lowered their price target on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. CIBC lowered their price target on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Scotiabank raised shares of Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$15.67.

Freehold Royalties Company Profile

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.