Freehold Royalties (TSE:FRU) Announces Quarterly Earnings Results

Freehold Royalties (TSE:FRU) issued its quarterly earnings data on Wednesday. The company reported C$0.34 earnings per share for the quarter, FiscalAI reports. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%.The business had revenue of C$100.29 million for the quarter.

Freehold Royalties Stock Performance

Shares of FRU opened at C$16.82 on Thursday. The firm has a market cap of C$2.76 billion, a PE ratio of 31.15, a PEG ratio of -0.92 and a beta of 0.59. The stock’s fifty day moving average price is C$16.74 and its two-hundred day moving average price is C$16.94. The company has a debt-to-equity ratio of 30.45, a current ratio of 1.73 and a quick ratio of 1.50. Freehold Royalties has a 1 year low of C$12.94 and a 1 year high of C$18.22.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 17th will be given a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Friday, July 31st. Freehold Royalties’s dividend payout ratio (DPR) is currently 200.00%.

Insider Activity at Freehold Royalties

In other news, insider Bradley Robert Monaco purchased 6,060 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was bought at an average price of C$16.56 per share, for a total transaction of C$100,353.60. Following the purchase, the insider owned 6,060 shares of the company’s stock, valued at C$100,353.60. The trade was a ∞ increase in their ownership of the stock. 0.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Royal Bank Of Canada increased 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 report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.