Freehold Royalties (TSE:FRU) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

by · The Cerbat Gem

Freehold Royalties Ltd. (TSE:FRU – Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.36 and traded as high as C$17.67. Freehold Royalties shares last traded at C$17.31, with a volume of 383,612 shares.

Analyst Ratings Changes

FRU has been the topic of several research analyst reports. TD Securities cut their target price on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research note on Thursday, March 12th. Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and increased their target price for the stock from C$17.50 to C$18.00 in a research note on Monday, March 30th. Desjardins cut their target price on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research note on Friday, March 13th. Finally, Royal Bank Of Canada increased their target price 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$17.03.

Get Our Latest Analysis on FRU

Freehold Royalties Price Performance

The stock has a market capitalization of C$2.84 billion, a P/E ratio of 32.06, a price-to-earnings-growth ratio of -0.92 and a beta of 0.59. The business’s 50 day simple moving average is C$17.37 and its two-hundred day simple moving average is C$16.36. 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 – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.21 earnings per share for the quarter. The firm had revenue of C$77.82 million for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. As a group, sell-side analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.09 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.2%. Freehold Royalties’s dividend payout ratio is currently 200.00%.

Insider Activity at Freehold Royalties

In other news, insider Colin Strem bought 4,000 shares of the stock in a transaction dated Tuesday, March 31st. The stock was bought at an average price of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the acquisition, the insider directly owned 24,000 shares in the company, valued at approximately C$416,880. This trade represents a 20.00% increase in their position. 0.45% of the stock is currently owned by corporate insiders.

About Freehold Royalties

(Get Free Report)

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.

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