Freehold Royalties Ltd. (TSE:FRU) Director Kimberley Elizabeth Lynch Proctor Purchases 6,000 Shares

Freehold Royalties Ltd. (TSE:FRU) Director Kimberley Elizabeth Lynch Proctor purchased 6,000 shares of the firm’s stock in a transaction on Monday, June 23rd. The stock was acquired at an average price of C$12.97 per share, for a total transaction of C$77,820.00.

Kimberley Elizabeth Lynch Proctor also recently made the following trade(s):

• On Wednesday, June 11th, Kimberley Elizabeth Lynch Proctor acquired 4,000 shares of Freehold Royalties stock. The shares were acquired at an average cost of C$12.74 per share, with a total value of C$50,958.80.

Freehold Royalties Price Performance

Freehold Royalties stock traded down C$0.38 during mid-day trading on Monday, hitting C$12.82. The stock had a trading volume of 1,229,621 shares, compared to its average volume of 743,798. 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’s 50 day moving average is C$12.17 and its 200 day moving average is C$12.49. The firm has a market capitalization of C$1.93 billion, a P/E ratio of 14.53, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties Ltd. has a one year low of C$10.53 and a one year high of C$14.62.

Freehold Royalties Dividend Announcement

The firm also recently announced a jun 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.09 per share. Freehold Royalties’s dividend payout ratio is currently 122.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FRU. Scotiabank raised Freehold Royalties to a “hold” rating in a report on Wednesday, March 19th. Raymond James Financial reduced their price target on Freehold Royalties from C$16.00 to C$14.00 in a research report on Wednesday, April 9th. 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. Finally, CIBC cut their price objective on Freehold Royalties from C$16.00 to C$15.00 in a research note on Thursday, April 10th. Five 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.