Insider Buying: Freehold Royalties (TSE:FRU) Insider Buys C$100,353.60 in Stock

Freehold Royalties Ltd. (TSE:FRU) insider Bradley Robert Monaco bought 6,060 shares of Freehold Royalties stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of C$16.56 per share, with a total value of C$100,353.60. Following the completion of the transaction, the insider owned 6,060 shares of the company’s stock, valued at C$100,353.60. This trade represents a ∞ increase in their ownership of the stock.

Freehold Royalties Stock Up 0.1%

FRU opened at C$16.27 on Friday. The company has a market capitalization of C$2.67 billion, a P/E ratio of 30.13, a P/E/G ratio of -0.92 and a beta of 0.56. The company has a debt-to-equity ratio of 30.45, a current ratio of 1.73 and a quick ratio of 1.50. The firm’s fifty day moving average price is C$17.23 and its two-hundred day moving average price is C$16.72. Freehold Royalties Ltd. has a fifty-two week low of C$12.69 and a fifty-two week high of C$18.22.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.21 EPS for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. The company had revenue of C$77.82 million during the quarter. On average, analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. Freehold Royalties’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analyst Weigh In

A number of research firms have commented on FRU. TD Securities reduced their price target on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Thursday, March 12th. Royal Bank Of Canada lifted their target price on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Monday, April 13th. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$17.50 to C$18.00 in a report on Monday, March 30th. Finally, Desjardins decreased their price target on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$17.03.

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. The majority of its revenue is generated from Canada Segment.