Freehold Royalties (TSE:FRU) Shares Pass Above 200-Day Moving Average – Time to Sell?
by Sarita Garza · The Markets DailyShares of Freehold Royalties Ltd. (TSE:FRU – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.51 and traded as high as C$17.66. Freehold Royalties shares last traded at C$17.51, with a volume of 451,657 shares changing hands.
Analysts Set New Price Targets
FRU has been the subject of a number of research reports. Raymond James Financial downgraded Freehold Royalties from a “moderate buy” rating to a “hold” rating and boosted their price target for the company from C$17.50 to C$18.00 in a research report on Monday, March 30th. Royal Bank Of Canada boosted their price target on Freehold Royalties from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Monday, April 13th. Desjardins lowered their price target on Freehold Royalties from C$16.50 to C$16.00 and set a “hold” rating for the company in a research report on Friday, March 13th. Finally, TD Securities lowered their price target 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. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$17.03.
Read Our Latest Stock Report on Freehold Royalties
Freehold Royalties Trading Down 2.5%
The business’s 50-day moving average is C$17.34 and its two-hundred day moving average is C$16.53. The company has a current ratio of 1.73, a quick ratio of 1.50 and a debt-to-equity ratio of 30.45. The stock has a market capitalization of C$2.82 billion, a PE ratio of 31.85, a PEG ratio of -0.92 and a beta of 0.56.
Freehold Royalties (TSE:FRU – Get Free Report) last announced its quarterly earnings results 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. On average, analysts predict 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 Monday, June 15th. Investors of record on Monday, June 15th will be given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, May 29th. Freehold Royalties’s dividend payout ratio is 200.00%.
Insider Buying and Selling at Freehold Royalties
In other news, insider Colin Strem bought 4,000 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average cost of C$17.37 per share, for a total transaction of C$69,480.00. Following the completion of the purchase, the insider owned 24,000 shares of the company’s stock, valued at C$416,880. This trade represents a 20.00% increase in their ownership of the stock. Company 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. The majority of its revenue is generated from Canada Segment.