Freehold Royalties Ltd (TSE:FRU) Director Acquires C$34,400.00 in Stock

Freehold Royalties Ltd (TSE:FRU) Director Tom Mullane bought 10,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average cost of C$3.44 per share, with a total value of C$34,400.00. Following the purchase, the director now directly owns 52,660 shares of the company’s stock, valued at C$181,150.40.

Shares of Freehold Royalties stock opened at C$3.52 on Wednesday. The stock has a market capitalization of $389.81 million and a PE ratio of 176.00. Freehold Royalties Ltd has a 52 week low of C$2.30 and a 52 week high of C$8.58. The stock has a 50 day moving average price of C$3.69 and a two-hundred day moving average price of C$5.22. The company has a debt-to-equity ratio of 15.42, a quick ratio of 1.07 and a current ratio of 1.07.

Freehold Royalties (TSE:FRU) last issued its earnings results on Tuesday, May 5th. The company reported C($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.07). The company had revenue of C$26.28 million during the quarter, compared to the consensus estimate of C$29.70 million. Research analysts forecast that Freehold Royalties Ltd will post -0.04 EPS for the current year.

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Sunday, May 31st were paid a $0.015 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend was Thursday, May 28th. Freehold Royalties’s dividend payout ratio (DPR) is 3,150.00%.

FRU has been the subject of a number of recent analyst reports. Canaccord Genuity decreased their price target on Freehold Royalties from C$11.00 to C$9.50 in a report on Wednesday, March 11th. Raymond James set a C$5.00 target price on Freehold Royalties and gave the stock a “market perform” rating in a report on Tuesday, June 9th. Cormark dropped their price target on Freehold Royalties from C$10.50 to C$9.00 in a research note on Thursday, March 5th. National Bank Financial downgraded shares of Freehold Royalties from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$4.50 to C$4.25 in a research report on Wednesday, June 24th. Finally, Scotiabank lowered their price objective on shares of Freehold Royalties from C$6.00 to C$5.00 in a research note on Monday, June 15th.

Freehold Royalties Company Profile

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, and potash properties in Western Canada. It holds approximately 6.2 million gross acres of land from northeastern British Columbia to southern Ontario. It has interests in approximately 43,000 wells and receives royalty from 300 industry operators.

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