Freehold Royalties Ltd. (TSE:FRU) Senior Officer Ian C. Hantke Buys 8,590 Shares of Stock

Freehold Royalties Ltd. (TSE:FRU) Senior Officer Ian C. Hantke bought 8,590 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average price of C$13.91 per share, for a total transaction of C$119,486.90.

Freehold Royalties Stock Down 0.3 %

Shares of TSE:FRU opened at C$14.01 on Thursday. The company has a debt-to-equity ratio of 13.49, a quick ratio of 1.50 and a current ratio of 2.12. Freehold Royalties Ltd. has a 52-week low of C$12.66 and a 52-week high of C$15.27. The firm has a market capitalization of C$2.11 billion, a P/E ratio of 15.92, a P/E/G ratio of -0.92 and a beta of 2.01. The stock has a 50 day moving average price of C$14.30 and a 200-day moving average price of C$14.11.

Freehold Royalties (TSE:FRU) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Freehold Royalties had a return on equity of 14.00% and a net margin of 41.93%. The business had revenue of C$80.06 million during the quarter. As a group, equities research analysts anticipate that Freehold Royalties Ltd. will post 0.7581169 EPS for the current fiscal year.

Freehold Royalties Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 17th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 7.71%. Freehold Royalties’s dividend payout ratio (DPR) is currently 122.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group dropped their price target 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. CIBC dropped their target price on shares of Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. 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. Raymond James dropped their price objective on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating for the company in a report on Friday, January 19th. Finally, Desjardins cut their price objective on Freehold Royalties from C$17.25 to C$17.00 and set a “buy” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Freehold Royalties currently has an average rating of “Moderate Buy” and a consensus target price of C$17.55.

Freehold Royalties Company Profile

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.