Freehold Royalties (TSE:FRU) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Freehold Royalties Ltd. (TSE:FRU) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.61 and traded as high as C$17.45. Freehold Royalties shares last traded at C$17.27, with a volume of 584,099 shares.

Analyst Ratings Changes

FRU has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price target on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Monday, April 13th. TD Securities decreased their price objective on shares of Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a report on Thursday, March 12th. Desjardins decreased their price objective on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a report on Friday, March 13th. Finally, Raymond James Financial cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and boosted their price objective for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$17.03.

Freehold Royalties Stock Performance

The stock has a market cap of C$2.83 billion, a price-to-earnings ratio of 31.98, a PEG ratio of -0.92 and a beta of 0.56. The stock’s fifty day moving average is C$17.33 and its 200-day moving average is C$16.61. The company has a quick ratio of 1.50, a current ratio of 1.73 and a debt-to-equity ratio of 30.45.

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

Freehold Royalties Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be issued a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, May 29th. Freehold Royalties’s dividend payout ratio is 200.00%.

Insider Buying and Selling at Freehold Royalties

In related news, insider Colin Strem purchased 4,000 shares of Freehold Royalties stock in a transaction dated Tuesday, March 31st. The stock was bought at an average price of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the acquisition, the insider directly owned 24,000 shares of the company’s stock, valued at C$416,880. This represents a 20.00% increase in their ownership of the stock. 0.45% of the stock is owned by company insiders.

Freehold Royalties Company Profile

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.