Freehold Royalties Ltd. (TSE:FRU) Declares $0.09 Jun 25 Dividend

Freehold Royalties Ltd. (TSE:FRU) declared a jun 25 dividend on Monday, June 16th, RTT News reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.09 per share on Tuesday, July 15th.

Freehold Royalties Trading Down 0.7%

Shares of Freehold Royalties stock traded down C$0.09 during trading hours on Monday, hitting C$12.91. The company’s stock had a trading volume of 852,373 shares, compared to its average volume of 731,228. 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 company has a market capitalization of C$1.94 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. The stock has a 50 day moving average of C$11.99 and a 200 day moving average of C$12.53. Freehold Royalties has a 12 month low of C$10.53 and a 12 month high of C$14.62.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Scotiabank upgraded shares of Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. Desjardins lowered their price objective on Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating on the stock in a research report on Thursday, May 22nd. Raymond James reduced their target price on shares of Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. Finally, CIBC decreased their price target on shares of Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$15.67.

Insiders Place Their Bets

In other news, Senior Officer Colin Strem acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were acquired at an average cost of C$12.44 per share, with a total value of C$49,757.20. Also, Senior Officer Shaina Brianne Morihira acquired 8,000 shares of the stock in a transaction on Monday, June 9th. The shares were purchased at an average price of C$12.57 per share, with a total value of C$100,560.00. Insiders have bought 52,500 shares of company stock worth $652,857 over the last ninety days. Corporate insiders own 0.45% of the company’s stock.

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.