Freehold Royalties Ltd. (TSE:FRU - Get Free Report) Senior Officer Ian C. Hantke bought 8,590 shares of the firm's stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of C$13.91 per share, with a total value of C$119,486.90.
Freehold Royalties Stock Down 0.3 %
FRU stock opened at C$14.01 on Thursday. The stock has a market capitalization of C$2.11 billion, a P/E ratio of 15.92, a P/E/G ratio of -0.92 and a beta of 2.01. Freehold Royalties Ltd. has a 52 week low of C$12.66 and a 52 week high of C$15.27. The firm has a 50-day simple moving average of C$14.30 and a 200-day simple moving average of C$14.11. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49.
Freehold Royalties (TSE:FRU - Get Free Report) last released 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 for the quarter. Equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.
Freehold Royalties Dividend Announcement
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The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.08 annualized dividend and a yield of 7.71%. Freehold Royalties's dividend payout ratio is presently 122.73%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on FRU shares. National Bankshares increased their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an "outperform" rating in a research note on Friday, April 19th. Acumen Capital set a C$18.00 price target on Freehold Royalties in a research report on Wednesday. Raymond James decreased their price objective on Freehold Royalties from C$20.00 to C$17.50 and set an "outperform" rating for the company in a report on Friday, January 19th. Canaccord Genuity Group lowered their price objective on Freehold Royalties from C$19.50 to C$19.00 and set a "buy" rating on the stock in a research report on Wednesday, April 17th. Finally, BMO Capital Markets set a C$15.00 target price on shares of Freehold Royalties and gave the company a "market perform" rating in a report on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Freehold Royalties has a consensus rating of "Moderate Buy" and a consensus price target of C$17.55.
Read Our Latest Report on FRU
Freehold Royalties Company Profile
(
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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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