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

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

Freehold Royalties Price Performance

TSE FRU opened at C$12.34 on Friday. The company has a market cap of C$1.86 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of -0.92 and a beta of 1.93. Freehold Royalties Ltd. has a 52 week low of C$10.53 and a 52 week high of C$14.62. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91. The firm’s 50-day simple moving average is C$11.99 and its two-hundred day simple moving average is C$12.73.

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 given a dividend of $0.09 per share. This represents a dividend yield of 9.6%. The ex-dividend date was Wednesday, April 30th. Freehold Royalties’s dividend payout ratio is presently 122.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. National Bankshares lifted their price objective on shares of Freehold Royalties from C$15.50 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Desjardins downgraded shares of Freehold Royalties from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$15.00 to C$14.25 in a report on Tuesday, April 15th. Scotiabank raised shares of Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. CIBC cut their price target on shares of Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Finally, Raymond James cut their price target 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 assigned a buy rating and one has issued 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$15.71.

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.