Bradley Robert Monaco Buys 6,060 Shares of Freehold Royalties (TSE:FRU) Stock

Freehold Royalties Ltd. (TSE:FRU) insider Bradley Robert Monaco bought 6,060 shares of Freehold Royalties stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of C$16.56 per share, for a total transaction of C$100,353.60. Following the completion of the transaction, the insider directly owned 6,060 shares of the company’s stock, valued at C$100,353.60. This represents a ? increase in their position.

Freehold Royalties Price Performance

FRU opened at C$16.26 on Friday. The company has a debt-to-equity ratio of 30.45, a current ratio of 1.73 and a quick ratio of 1.50. The stock has a market capitalization of C$2.67 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of -0.92 and a beta of 0.56. The company’s 50 day simple moving average is C$17.24 and its 200-day simple moving average is C$16.72. Freehold Royalties Ltd. has a one year low of C$12.69 and a one year high of C$18.22.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.21 earnings per share for the quarter. Freehold Royalties had a net margin of 29.84% and a return on equity of 8.81%. The firm had revenue of C$77.82 million during the quarter. Sell-side analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current fiscal year.

Freehold Royalties Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.09 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Freehold Royalties’s dividend payout ratio is 200.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on FRU. TD Securities lowered 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 cut shares of Freehold Royalties from a “moderate buy” rating to a “hold” rating and lifted their price target for the stock from C$17.50 to C$18.00 in a research report on Monday, March 30th. Desjardins dropped 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 note on Friday, March 13th. Finally, Royal Bank Of Canada increased their price objective on shares of Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$17.03.

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.