Freehold Royalties Ltd. (TSE:FRU) Senior Officer Colin Strem Buys 4,000 Shares

Freehold Royalties Ltd. (TSE:FRU) Senior Officer Colin Strem acquired 4,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were bought at an average price of C$12.84 per share, for a total transaction of C$51,354.80.

Colin Strem also recently made the following trade(s):

• On Wednesday, May 21st, Colin Strem purchased 4,000 shares of Freehold Royalties stock. The shares were purchased at an average cost of C$12.44 per share, with a total value of C$49,757.20.

Freehold Royalties Stock Performance

Shares of FRU opened at C$12.68 on Thursday. The business’s 50-day moving average price is C$12.25 and its 200 day moving average price is C$12.48. 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 stock has a market capitalization of C$1.91 billion, a P/E ratio of 14.37, a P/E/G ratio of -0.92 and a beta of 1.93. Freehold Royalties Ltd. has a 1-year low of C$10.53 and a 1-year high of C$14.62.

Freehold Royalties Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FRU shares. CIBC cut their price objective on Freehold Royalties from C$16.00 to C$15.00 in a report on Thursday, April 10th. Scotiabank upgraded shares of Freehold Royalties to a “hold” rating in a research report on Wednesday, March 19th. Desjardins reduced their price objective on shares of Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating for the company in a research report on Thursday, May 22nd. Finally, Raymond James Financial 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.