Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Ian C. Hantke bought 4,200 shares of the stock in a transaction that occurred on Friday, May 12th. The stock was bought at an average cost of C$14.22 per share, for a total transaction of C$59,713.50.
Freehold Royalties Price Performance
FRU opened at C$14.30 on Wednesday. The stock has a 50-day moving average price of C$14.18 and a 200-day moving average price of C$14.14. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50. The firm has a market cap of C$2.15 billion, a PE ratio of 16.25, a P/E/G ratio of -0.92 and a beta of 2.01. Freehold Royalties Ltd. has a 1 year low of C$12.66 and a 1 year high of C$15.44.
Freehold Royalties (TSE:FRU - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported C$0.23 earnings per share 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 during the quarter. Sell-side analysts predict that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.
Freehold Royalties Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.55%. Freehold Royalties's dividend payout ratio (DPR) is presently 122.73%.
Wall Street Analyst Weigh In
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FRU has been the topic of several recent analyst reports. CIBC cut their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a "neutral" rating on the stock in a report on Tuesday, January 16th. ATB Capital cut their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a report on Tuesday, January 2nd. BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the stock a "market perform" rating in a report on Wednesday, March 13th. National Bankshares cut their price target on shares of Freehold Royalties from C$20.00 to C$17.00 and set an "outperform" rating on the stock in a report on Wednesday, January 10th. Finally, Raymond James cut their price target on shares of Freehold Royalties from C$20.00 to C$17.50 and set an "outperform" rating on the stock in a report on Friday, January 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$17.81.
Check Out Our Latest Analysis on FRU
Freehold Royalties Company Profile
(
Get Free Report)
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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