Freehold Royalties Ltd. (TSE:FRU) Receives Consensus Rating of “Hold” from Brokerages

Freehold Royalties Ltd. (TSE:FRU) has been given a consensus recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$15.40.

Separately, Desjardins decreased their target price on Freehold Royalties from C$14.25 to C$14.00 and set a “hold” rating for the company in a research note on Thursday, May 22nd.

Freehold Royalties Stock Up 0.2%

Shares of Freehold Royalties stock opened at C$13.20 on Thursday. The business has a 50-day moving average price of C$13.08 and a 200 day moving average price of C$12.53. Freehold Royalties has a fifty-two week low of C$10.53 and a fifty-two week high of C$14.62. The firm has a market cap of C$1.98 billion, a P/E ratio of 14.96, a P/E/G ratio of -0.92 and a beta of 1.93. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 22.91.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, August 29th. Freehold Royalties’s payout ratio is 122.40%.

Insiders Place Their Bets

In other news, Senior Officer Shaina Brianne Morihira bought 8,000 shares of the business’s stock in a transaction on Monday, June 9th. The stock was purchased at an average cost of C$12.57 per share, for a total transaction of C$100,560.00. Also, Director Kimberley Elizabeth Lynch Proctor acquired 6,000 shares of the business’s stock in a transaction dated Monday, June 23rd. The stock was purchased at an average price of C$12.97 per share, with a total value of C$77,820.00. Insiders bought 44,350 shares of company stock worth $559,334 over the last 90 days. 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.