Insider Buying: Freehold Royalties Ltd. (TSE:FRU) Senior Officer Buys 20,000 Shares of Stock

Freehold Royalties Ltd. (TSE:FRUGet Free Report) Senior Officer David Michael Spyker purchased 20,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of C$13.80 per share, with a total value of C$276,000.00.

Freehold Royalties Stock Performance

Freehold Royalties stock opened at C$13.75 on Friday. The company has a market cap of C$2.07 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of -0.92 and a beta of 2.00. Freehold Royalties Ltd. has a 12 month low of C$12.66 and a 12 month high of C$15.27. The company has a debt-to-equity ratio of 24.39, a current ratio of 1.36 and a quick ratio of 1.50. The stock’s 50-day moving average is C$14.28 and its 200-day moving average is C$14.07.

Freehold Royalties (TSE:FRUGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported C$0.23 EPS for the quarter. Freehold Royalties had a net margin of 43.19% and a return on equity of 14.40%. The firm had revenue of C$80.06 million for the quarter. Equities analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 earnings per share for the current year.

Freehold Royalties Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.08 dividend on an annualized basis and a yield of 7.85%. Freehold Royalties’s dividend payout ratio (DPR) is 120.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on FRU shares. National Bankshares lifted their price objective on Freehold Royalties from C$17.00 to C$18.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Canaccord Genuity Group cut their price objective on shares of Freehold Royalties from C$19.50 to C$19.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Desjardins decreased their target price on shares of Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the company a “market perform” rating in a report on Wednesday, March 13th. Finally, Acumen Capital set a C$18.00 price objective on Freehold Royalties in a report on Wednesday, May 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$17.55.

Check Out Our Latest Analysis on FRU

Freehold Royalties Company Profile

(Get Free Report)

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.

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