Freehold Royalties Ltd (TSE:FRU) Director Tom Mullane acquired 10,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of C$3.44 per share, with a total value of C$34,400.00. Following the transaction, the director now directly owns 52,660 shares of the company’s stock, valued at C$181,150.40.
FRU opened at C$3.52 on Wednesday. The business’s 50-day simple moving average is C$3.69 and its 200 day simple moving average is C$5.22. Freehold Royalties Ltd has a 52-week low of C$2.30 and a 52-week high of C$8.58. The company has a debt-to-equity ratio of 15.42, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market capitalization of $389.81 million and a PE ratio of 176.00.
Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Tuesday, May 5th. The company reported C($0.08) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.07). The firm had revenue of C$26.28 million during the quarter, compared to the consensus estimate of C$29.70 million. On average, research analysts forecast that Freehold Royalties Ltd will post -0.04 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Sunday, May 31st were given a $0.015 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend was Thursday, May 28th. Freehold Royalties’s dividend payout ratio (DPR) is presently 3,150.00%.
Several equities research analysts recently commented on FRU shares. CIBC cut their price objective on shares of Freehold Royalties from C$6.00 to C$5.50 in a research report on Monday, April 13th. Raymond James set a C$5.00 price target on Freehold Royalties and gave the company a “market perform” rating in a report on Tuesday, June 9th. Cormark reduced their price objective on Freehold Royalties from C$10.50 to C$9.00 in a research report on Thursday, March 5th. Scotiabank dropped their target price on Freehold Royalties from C$6.00 to C$5.00 in a research report on Monday, June 15th. Finally, National Bank Financial cut Freehold Royalties from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$4.50 to C$4.25 in a research note on Wednesday, June 24th.
About Freehold Royalties
Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.
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