Freehold Royalties (TSE:FRU) Stock Passes Above 200 Day Moving Average – Here’s Why

Shares of Freehold Royalties Ltd. (TSE:FRU) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$17.13 and traded as high as C$17.67. Freehold Royalties shares last traded at C$17.60, with a volume of 309,835 shares.

Freehold Royalties Price Performance

The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 28.05. The stock has a market capitalization of C$2.88 billion, a PE ratio of 20.64, a PEG ratio of -0.92 and a beta of 0.59. The business has a fifty day moving average price of C$16.80 and a 200-day moving average price of C$17.14.

Freehold Royalties (TSE:FRU) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$0.34 earnings per share for the quarter. The company had revenue of C$100.29 million for the quarter. Freehold Royalties had a return on equity of 13.88% and a net margin of 43.54%. Research analysts expect 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 Tuesday, September 15th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 6.2%. Freehold Royalties’s dividend payout ratio (DPR) is 127.06%.

Insider Buying and Selling at Freehold Royalties

In other Freehold Royalties news, insider Bradley Robert Monaco acquired 6,060 shares of the stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of C$16.56 per share, for a total transaction of C$100,353.60. Following the acquisition, the insider owned 6,060 shares in the company, valued at C$100,353.60. The trade was a ∞ increase in their position. Insiders own 0.45% of the company’s stock.

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.