Bradley Robert Monaco Buys 6,060 Shares of Freehold Royalties (TSE:FRU) Stock

Freehold Royalties Ltd. (TSE:FRU) insider Bradley Robert Monaco purchased 6,060 shares of the stock in a transaction on Monday, June 22nd. The shares were acquired at an average price of C$16.56 per share, for a total transaction of C$100,353.60. Following the transaction, the insider directly owned 6,060 shares of the company’s stock, valued at C$100,353.60. This represents a ∞ increase in their position.

Freehold Royalties Price Performance

Shares of Freehold Royalties stock traded down C$0.27 on Wednesday, reaching C$16.18. The company’s stock had a trading volume of 608,578 shares, compared to its average volume of 731,172. The company has a market capitalization of C$2.65 billion, a P/E ratio of 29.96, a PEG ratio of -0.92 and a beta of 0.56. Freehold Royalties Ltd. has a 52-week low of C$12.62 and a 52-week high of C$18.22. The stock has a 50-day moving average price of C$17.27 and a 200-day moving average price of C$16.71. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 30.45.

Freehold Royalties (TSE:FRU) last announced its earnings results on Tuesday, May 12th. The company reported C$0.21 earnings per share (EPS) 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. Analysts expect that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 6.7%. Freehold Royalties’s dividend payout ratio is currently 200.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their target price for the company from C$17.50 to C$18.00 in a research report on Monday, March 30th. Royal Bank Of Canada raised their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note 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 on the stock in a report on Friday, March 13th. Finally, TD Securities cut their price objective on 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. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$17.03.

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.