Freehold Royalties (TSE:FRU) Share Price Passes Above 200-Day Moving Average – What’s Next?

Freehold Royalties Ltd. (TSE:FRU)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.08 and traded as high as C$17.60. Freehold Royalties shares last traded at C$17.50, with a volume of 442,506 shares trading hands.

Freehold Royalties Stock Performance

The company has a market cap of C$2.91 billion, a price-to-earnings ratio of 20.88, a PEG ratio of -0.92 and a beta of 0.59. The firm’s 50 day simple moving average is C$16.70 and its 200-day simple moving average is C$17.08. The company has a debt-to-equity ratio of 28.05, a quick ratio of 1.50 and a current ratio of 1.80.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.34 earnings per share (EPS) for the quarter. The company had revenue of C$100.29 million during the quarter. Freehold Royalties had a net margin of 43.54% and a return on equity of 13.88%. On average, sell-side analysts predict that Freehold Royalties Ltd. will post 0.7581169 EPS for the current year.

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 15th will be given a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Monday, August 31st. Freehold Royalties’s dividend payout ratio (DPR) is presently 127.06%.

Insider Buying and Selling at Freehold Royalties

In related news, insider Bradley Robert Monaco purchased 6,060 shares of Freehold Royalties stock in a transaction dated Monday, June 22nd. The shares were acquired at an average cost of C$16.56 per share, with a total value of C$100,353.60. Following the purchase, the insider owned 6,060 shares of the company’s stock, valued at approximately C$100,353.60. The trade was a ∞ increase in their ownership of the stock. 0.45% of the stock is currently owned by corporate insiders.

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.