Key Points
- Insider purchase: Colin Strem bought 4,000 shares on March 31 at C$17.37 each (C$69,480), increasing his stake 20% to 24,000 shares valued at about C$416,880.
- Dividend: Freehold declared a monthly C$0.09 dividend (ex‑dividend March 31, payable April 15), implying a ~6.2% yield while the dividend payout ratio is 192.86%.
- Market and analyst view: The company has a market cap of ~C$2.85B and a P/E of ~31, with a 52‑week range of C$10.53–C$18.22 and an average analyst rating of "Hold" with a C$16.91 price target after several recent downgrades.
Freehold Royalties Ltd. (TSE:FRU - Get Free Report) insider Colin Strem acquired 4,000 shares of the business's stock in a transaction dated Tuesday, March 31st. The shares were bought at an average price of C$17.37 per share, with a total value of C$69,480.00. Following the transaction, the insider directly owned 24,000 shares in the company, valued at approximately C$416,880. The trade was a 20.00% increase in their position.
Freehold Royalties Stock Performance
FRU opened at C$17.37 on Wednesday. The company has a quick ratio of 1.50, a current ratio of 1.41 and a debt-to-equity ratio of 28.51. The firm has a market cap of C$2.85 billion, a PE ratio of 31.02, a P/E/G ratio of -0.92 and a beta of 0.65. The business has a fifty day simple moving average of C$17.13 and a 200-day simple moving average of C$15.45. Freehold Royalties Ltd. has a fifty-two week low of C$10.53 and a fifty-two week high of C$18.22.
Freehold Royalties (TSE:FRU - Get Free Report) last announced its earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 8.82% and a net margin of 29.28%.The company had revenue of C$69.76 million for the quarter. As a group, equities analysts predict that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.
Freehold Royalties Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. Freehold Royalties's dividend payout ratio (DPR) is currently 192.86%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. TD Securities reduced their price objective on shares of Freehold Royalties from C$22.00 to C$21.00 and set a "buy" rating for the company in a research note on Thursday, March 12th. Desjardins dropped their target price on shares of Freehold Royalties from C$16.50 to C$16.00 and set a "hold" rating on the stock in a research report on Friday, March 13th. Raymond James Financial lowered shares of Freehold Royalties from a "moderate buy" rating to a "hold" rating and boosted their price target for the company from C$17.50 to C$18.00 in a report on Monday. National Bank Financial downgraded shares of Freehold Royalties from an "outperform" rating to a "hold" rating and set a C$15.00 price target for the company. in a research report on Friday, January 9th. Finally, Royal Bank Of Canada lowered shares of Freehold Royalties from a "moderate buy" rating to a "hold" rating and set a C$17.00 price objective for the company. in a research note on Friday, March 13th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of C$16.91.
Check Out Our Latest Report on Freehold Royalties
Freehold Royalties Company Profile
(
Get Free Report)
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.
Further Reading
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