Freehold Royalties (TSE:FRU) Shares Cross Below 200-Day Moving Average – What’s Next?

Freehold Royalties Ltd. (TSE:FRU – Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of C$17.12 and traded as low as C$16.34. Freehold Royalties shares last traded at C$16.62, with a volume of 357,783 shares.

Freehold Royalties Stock Down 0.4%

The business’s fifty day moving average price is C$17.26 and its 200 day moving average price is C$17.11. The firm has a market capitalization of C$2.72 billion, a price-to-earnings ratio of 19.51, a PEG ratio of -0.92 and a beta of 0.76. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 28.05.

Freehold Royalties (TSE:FRU – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$0.34 earnings per share for the quarter. The firm had revenue of C$100.29 million during the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. On average, equities analysts expect that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be given a $0.09 dividend. This represents a $1.08 annualized dividend and a yield of 6.5%. The ex-dividend date is Tuesday, September 29th. Freehold Royalties’s payout ratio is 127.06%.

Freehold Royalties Company Profile

(Get Free Report)

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.

Further Reading

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