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

Freehold Royalties Ltd. (TSE:FRU) insider Bradley Robert Monaco acquired 6,060 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were acquired 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 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.

Freehold Royalties Stock Performance

Shares of FRU stock opened at C$16.17 on Thursday. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45. The company has a market cap of C$2.65 billion, a PE ratio of 29.94, a P/E/G ratio of -0.92 and a beta of 0.56. The company’s fifty day simple moving average is C$17.25 and its 200-day simple moving average is C$16.71. Freehold Royalties Ltd. has a 52 week low of C$12.62 and a 52 week high of C$18.22.

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

Freehold Royalties Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.