Freehold Royalties (TSE:FRU) Stock Passes Above 200 Day Moving Average – What’s Next?

Freehold Royalties Ltd. (TSE:FRU) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.51 and traded as high as C$17.66. Freehold Royalties shares last traded at C$17.51, with a volume of 451,657 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank Of Canada raised their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Monday, April 13th. TD Securities decreased their price objective on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research report on Thursday, March 12th. Raymond James Financial lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their price target for the company from C$17.50 to C$18.00 in a report on Monday, March 30th. Finally, Desjardins reduced their price target on 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. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$17.03.

Freehold Royalties Trading Up 0.6%

The firm has a market capitalization of C$2.87 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of -0.92 and a beta of 0.56. 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 company has a fifty day moving average price of C$17.35 and a 200-day moving average price of C$16.51.

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

Freehold Royalties Announces Dividend

The company 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 dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, May 29th. Freehold Royalties’s payout ratio is currently 200.00%.

Insider Activity

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

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.