Freehold Royalties (TSE:FRU) Insider Bradley Robert Monaco Buys 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 in the company, valued at approximately C$100,353.60. This trade represents a ? increase in their position.

Freehold Royalties Stock Performance

Shares of FRU stock traded down C$0.27 during trading hours on Wednesday, hitting C$16.18. The company’s stock had a trading volume of 608,578 shares, compared to its average volume of 731,172. The stock has a market cap of C$2.65 billion, a PE ratio of 29.96, a price-to-earnings-growth ratio of -0.92 and a beta of 0.56. Freehold Royalties Ltd. has a 12-month low of C$12.62 and a 12-month high of C$18.22. The company has a 50 day moving average of C$17.27 and a 200 day moving average of C$16.71. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45.

Freehold Royalties (TSE:FRU) last issued its 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 net margin of 29.84% and a return on equity of 8.81%. On average, sell-side analysts forecast that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal 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 paid 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 dividend yield of 6.7%. Freehold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Desjardins dropped their target price 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. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. TD Securities lowered their price objective on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada raised their price objective on shares of 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.