Freehold Royalties (TSE:FRU) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Freehold Royalties Ltd. (TSE:FRU) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.77 and traded as low as C$15.80. Freehold Royalties shares last traded at C$15.96, with a volume of 1,103,986 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on FRU. TD Securities lowered their target price 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. Royal Bank Of Canada raised their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Monday, April 13th. Desjardins lowered their price objective on 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. Finally, Raymond James Financial lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$17.50 to C$18.00 in a research note on Monday, March 30th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Freehold Royalties has an average rating of “Hold” and a consensus price target of C$17.03.

Freehold Royalties Trading Up 1.1%

The company has a debt-to-equity ratio of 30.45, a quick ratio of 1.50 and a current ratio of 1.73. The firm has a market capitalization of C$2.62 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of -0.92 and a beta of 0.59. The business has a fifty day moving average price of C$17.08 and a 200 day moving average price of C$16.77.

Freehold Royalties (TSE:FRU) last issued its earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share for the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%.The firm had revenue of C$77.82 million for the quarter. As a group, equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Freehold Royalties’s payout ratio is currently 200.00%.

Insider Activity

In other news, insider Bradley Robert Monaco bought 6,060 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of C$16.56 per share, for a total transaction of C$100,353.60. Following the acquisition, the insider owned 6,060 shares of the company’s stock, valued at C$100,353.60. This trade represents a ∞ increase in their ownership of the stock. Insiders own 0.45% of the company’s stock.

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.