Freehold Royalties (TSE:FRU) Insider Purchases C$69,480.00 in Stock

Freehold Royalties Ltd. (TSE:FRU) insider Colin Strem purchased 4,000 shares of the stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of C$17.37 per share, with a total value of C$69,480.00. Following the completion of the transaction, the insider owned 24,000 shares of the company’s stock, valued at approximately C$416,880. This trade represents a 20.00% increase in their ownership of the stock.

Freehold Royalties Trading Up 2.5%

Shares of TSE FRU opened at C$17.05 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 28.51. The stock has a market capitalization of C$2.80 billion, a PE ratio of 30.45, a PEG ratio of -0.92 and a beta of 0.65. Freehold Royalties Ltd. has a twelve month low of C$10.53 and a twelve month high of C$18.22. The stock has a fifty day simple moving average of C$17.16 and a 200-day simple moving average of C$15.47.

Freehold Royalties (TSE:FRU) last posted its earnings results on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. The firm had revenue of C$69.76 million for the quarter. Freehold Royalties had a return on equity of 8.82% and a net margin of 29.28%. On average, equities analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.09 per share. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Freehold Royalties’s dividend payout ratio is presently 192.86%.

Analyst Ratings Changes

FRU has been the subject of several recent research reports. Raymond James Financial cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$17.50 to C$18.00 in a research report on Monday. Scotiabank increased their price objective on Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. National Bank Financial lowered Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 target price for the company. in a report on Friday, January 9th. Desjardins lowered their target price on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research note on Friday, March 13th. Finally, TD Securities cut their price target on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. 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, the stock currently has a consensus rating of “Hold” and an average price target of C$16.91.

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. The majority of its revenue is generated from Canada Segment.