Freehold Royalties (TSE:FRU) Insider Colin Strem Buys 4,000 Shares

Freehold Royalties Ltd. (TSE:FRU) insider Colin Strem bought 4,000 shares of the stock in a transaction on Tuesday, March 31st. The shares were bought at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the purchase, the insider owned 24,000 shares in the company, valued at C$416,880. This trade represents a 20.00% increase in their position.

Freehold Royalties Stock Down 0.2%

FRU stock opened at C$17.37 on Wednesday. Freehold Royalties Ltd. has a 52 week low of C$10.53 and a 52 week high of C$18.22. The company has a market capitalization of C$2.85 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of -0.92 and a beta of 0.65. The firm’s 50-day moving average is C$17.13 and its two-hundred day moving average is C$15.45. The company has a current ratio of 1.41, a quick ratio of 1.50 and a debt-to-equity ratio of 28.51.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, March 11th. The company reported C$0.31 earnings per share (EPS) for the quarter. Freehold Royalties had a net margin of 29.28% and a return on equity of 8.82%. The business had revenue of C$69.76 million during the quarter. On average, analysts forecast that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be given a $0.09 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Tuesday, March 31st. Freehold Royalties’s dividend payout ratio is 192.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. National Bank Financial cut Freehold Royalties from an “outperform” rating to a “hold” rating and set a C$15.00 price target on the stock. in a research report on Friday, January 9th. Royal Bank Of Canada lowered Freehold Royalties from a “moderate buy” rating to a “hold” rating and set a C$17.00 price objective for the company. in a report on Friday, March 13th. TD Securities decreased their target price on Freehold Royalties from C$22.00 to C$21.00 and set a “buy” rating for the company in a research note on Thursday, March 12th. Desjardins dropped their price target on shares of Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating on the stock in a research report on Friday, March 13th. Finally, Scotiabank upped their price target on shares of Freehold Royalties from C$15.00 to C$16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$16.91.

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.