Freehold Royalties Ltd. (TSE:FRU) Senior Officer Ian C. Hantke Buys 4,200 Shares

Freehold Royalties Ltd. (TSE:FRU) Senior Officer Ian C. Hantke acquired 4,200 shares of the company’s stock in a transaction on Friday, May 12th. The shares were bought at an average price of C$14.22 per share, with a total value of C$59,713.50.

Freehold Royalties Stock Performance

Shares of TSE:FRU opened at C$14.30 on Wednesday. The firm’s 50 day simple moving average is C$14.18 and its 200 day simple moving average is C$14.14. Freehold Royalties Ltd. has a fifty-two week low of C$12.66 and a fifty-two week high of C$15.44. The company has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of -0.92 and a beta of 2.01. The company has a debt-to-equity ratio of 13.49, a current ratio of 2.12 and a quick ratio of 1.50.

Freehold Royalties (TSE:FRU) last issued its earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. The firm had revenue of C$80.06 million during the quarter. Freehold Royalties had a net margin of 41.93% and a return on equity of 14.00%. As a group, sell-side analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.08 annualized dividend and a yield of 7.55%. Freehold Royalties’s dividend payout ratio is presently 122.73%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FRU shares. Raymond James lowered their target price on shares of Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a report on Friday, January 19th. BMO Capital Markets set a C$15.00 price objective on shares of Freehold Royalties and gave the stock a “market perform” rating in a research note on Wednesday, March 13th. ATB Capital cut their target price on shares of Freehold Royalties from C$19.50 to C$19.00 in a research note on Tuesday, January 2nd. CIBC decreased their price target on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, National Bankshares cut their price objective on Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating for the company in a research report on Wednesday, January 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$17.81.

Freehold Royalties Company Profile

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.