Freehold Royalties (TSE:FRU) Releases Earnings Results

Freehold Royalties (TSE:FRU) issued its earnings results on Wednesday. The company reported C$0.34 EPS for the quarter, FiscalAI reports. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. The business had revenue of C$100.29 million for the quarter.

Freehold Royalties Price Performance

TSE FRU opened at C$17.17 on Friday. 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’s 50 day moving average price is C$16.73 and its 200-day moving average price is C$16.96. Freehold Royalties has a 52-week low of C$12.94 and a 52-week high of C$18.22. The company has a market cap of C$2.82 billion, a PE ratio of 31.80, a P/E/G ratio of -0.92 and a beta of 0.59.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. Freehold Royalties’s dividend payout ratio (DPR) is currently 200.00%.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada boosted their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, April 13th. One equities research 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 company currently has an average rating of “Hold” and an average target price of C$17.03.

Insider Transactions at Freehold Royalties

In other Freehold Royalties news, insider Bradley Robert Monaco acquired 6,060 shares of Freehold Royalties stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average price of C$16.56 per share, with a total value of C$100,353.60. Following the completion of the purchase, the insider directly owned 6,060 shares of the company’s stock, valued at approximately C$100,353.60. This represents a ∞ increase in their position. 0.45% of the stock is currently owned by insiders.

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.