Freehold Royalties (TSE:FRU) Share Price Passes Above 200 Day Moving Average of $13.99

Freehold Royalties Ltd. (TSE:FRU)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$13.99 and traded as high as C$14.15. Freehold Royalties shares last traded at C$13.70, with a volume of 1,359,305 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have commented on FRU. Canaccord Genuity Group lowered their price target on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Acumen Capital set a C$18.00 price objective on shares of Freehold Royalties in a research report on Wednesday, May 8th. National Bankshares upped their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Scotiabank decreased their price objective on shares of Freehold Royalties from C$18.00 to C$17.00 in a research report on Friday, July 12th. Finally, Desjardins decreased their price objective on shares of Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$17.45.

Freehold Royalties Stock Performance

The company has a current ratio of 1.36, a quick ratio of 1.50 and a debt-to-equity ratio of 24.39. The firm’s 50-day moving average is C$13.84 and its two-hundred day moving average is C$13.98. The stock has a market cap of C$2.00 billion, a price-to-earnings ratio of 14.78, a P/E/G ratio of -0.92 and a beta of 2.00.

Freehold Royalties (TSE:FRU) last released its quarterly earnings results on Monday, May 6th. The company reported C$0.23 earnings per share for the quarter. Freehold Royalties had a net margin of 43.19% and a return on equity of 14.40%. The firm had revenue of C$74.27 million during the quarter. As a group, sell-side analysts expect that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, August 30th. This represents a $1.08 annualized dividend and a yield of 8.12%. Freehold Royalties’s dividend payout ratio is presently 120.00%.

Insider Activity at Freehold Royalties

In other Freehold Royalties news, Senior Officer Ian C. Hantke acquired 8,590 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of C$13.91 per share, with a total value of C$119,486.90. In other news, Senior Officer Ian C. Hantke purchased 8,590 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of C$13.91 per share, with a total value of C$119,486.90. Also, Senior Officer David Michael Spyker purchased 20,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was purchased at an average cost of C$13.80 per share, with a total value of C$276,000.00. 0.45% of the stock is owned by corporate insiders.

About Freehold Royalties

Freehold Royalties Ltd. engages in the acquiring and managing royalty interests in the crude oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. Freehold Royalties Ltd. was founded in 1996 and is headquartered in Calgary, Canada.