Freehold Royalties (TSE:FRU) Shares Cross Below 200 Day Moving Average – Should You Sell?

Freehold Royalties Ltd. (TSE:FRU) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.77 and traded as low as C$15.80. Freehold Royalties shares last traded at C$15.96, with a volume of 1,103,986 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on FRU. Raymond James Financial lowered shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and upped their target price for the stock from C$17.50 to C$18.00 in a research report on Monday, March 30th. Desjardins reduced their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Royal Bank Of Canada boosted their price target on 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. Finally, TD Securities lowered their price target on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating on the stock in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Freehold Royalties presently has a consensus rating of “Hold” and an average price target of C$17.03.

Freehold Royalties Stock Performance

The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45. The firm has a market capitalization of C$2.62 billion, a PE ratio of 29.56, a PEG ratio of -0.92 and a beta of 0.59. The stock’s 50 day moving average price is C$17.08 and its two-hundred day moving average price is C$16.77.

Freehold Royalties (TSE:FRU) last posted its earnings results 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 for the quarter. Freehold Royalties had a return on equity of 8.81% and a net margin of 29.84%. On average, equities analysts expect that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. Freehold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

Insider Buying and Selling

In other news, insider Bradley Robert Monaco bought 6,060 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of C$16.56 per share, with a total value 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. This trade represents a ∞ increase in their position. Corporate insiders own 0.45% of the company’s stock.

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.