Insider Buying: Freehold Royalties Ltd. (TSE:FRU) Senior Officer Purchases 4,200 Shares of Stock

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

Freehold Royalties Trading Down 0.3 %

Shares of FRU opened at C$14.25 on Thursday. Freehold Royalties Ltd. has a twelve month low of C$12.66 and a twelve month high of C$15.27. The firm has a market capitalization of C$2.15 billion, a P/E ratio of 16.19, a price-to-earnings-growth ratio of -0.92 and a beta of 2.01. The company has a current ratio of 2.12, a quick ratio of 1.50 and a debt-to-equity ratio of 13.49. The stock’s fifty day simple moving average is C$14.19 and its 200 day simple moving average is C$14.14.

Freehold Royalties (TSE:FRU) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. The company had revenue of C$80.06 million for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. On average, equities research 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 declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, April 29th. This represents a $1.08 dividend on an annualized basis and a yield of 7.58%. Freehold Royalties’s dividend payout ratio (DPR) is 122.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FRU. Canaccord Genuity Group decreased their target price on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday. ATB Capital reduced their price target on shares of Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. National Bankshares decreased their price objective on shares of Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Raymond James reduced their target price on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research note on Friday, January 19th. Finally, BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the stock a “market perform” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Freehold Royalties currently has a consensus rating of “Moderate Buy” and an average target price of C$17.64.

About Freehold Royalties

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.