Freehold Royalties Ltd. (TSE:FRU) Senior Officer Acquires C$203,115.00 in Stock

Freehold Royalties Ltd. (TSE:FRU) Senior Officer Robert Alexander King bought 16,500 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was purchased at an average cost of C$12.31 per share, with a total value of C$203,115.00.

Freehold Royalties Price Performance

Shares of TSE:FRU opened at C$12.34 on Friday. Freehold Royalties Ltd. has a 1-year low of C$10.53 and a 1-year high of C$14.62. The company has a debt-to-equity ratio of 22.91, a current ratio of 1.65 and a quick ratio of 1.50. The business has a fifty day moving average price of C$11.99 and a 200-day moving average price of C$12.73. The company has a market capitalization of C$1.86 billion, a PE ratio of 13.99, a PEG ratio of -0.92 and a beta of 1.93.

Freehold Royalties Dividend Announcement

The business also recently declared a apr 25 dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 30th. This represents a dividend yield of 9.6%. Freehold Royalties’s payout ratio is presently 122.40%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. CIBC cut their target price on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Raymond James dropped their price target on Freehold Royalties from C$16.00 to C$14.00 in a research note on Wednesday, April 9th. Desjardins lowered Freehold Royalties from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$15.00 to C$14.25 in a research note on Tuesday, April 15th. National Bankshares raised their price target on Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Scotiabank raised Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$15.71.

About Freehold Royalties

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.