Shaina Brianne Morihira Purchases 20,000 Shares of Freehold Royalties Ltd. (TSE:FRU) Stock

Freehold Royalties Ltd. (TSE:FRU) Senior Officer Shaina Brianne Morihira purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The shares were bought at an average price of C$12.42 per share, for a total transaction of C$248,466.00.

Shaina Brianne Morihira also recently made the following trade(s):

• On Monday, June 9th, Shaina Brianne Morihira purchased 8,000 shares of Freehold Royalties stock. The shares were bought at an average price of C$12.57 per share, for a total transaction of C$100,560.00.

Freehold Royalties Stock Performance

TSE:FRU opened at C$12.51 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 22.91. The firm has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 14.18, a PEG ratio of -0.92 and a beta of 1.93. The firm’s fifty day simple moving average is C$11.88 and its 200 day simple moving average is C$12.57. Freehold Royalties Ltd. has a twelve month low of C$10.53 and a twelve month high of C$14.62.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 16th will be paid a $0.09 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 8.63%. Freehold Royalties’s dividend payout ratio (DPR) is presently 122.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FRU. Scotiabank upgraded shares of Freehold Royalties to a “hold” rating in a research note on Wednesday, March 19th. Desjardins cut their price target on shares of Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating for the company in a report on Thursday, May 22nd. CIBC dropped their target price on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Raymond James dropped their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$15.67.

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.