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Freehold Royalties Ltd. (TSE:FRU) Senior Officer David Warren Hendry Acquires 5,000 Shares

Financial News Live ·  Sep 26, 2022 15:22

Freehold Royalties Ltd. (TSE:FRU – Get Rating) Senior Officer David Warren Hendry acquired 5,000 shares of the stock in a transaction dated Friday, September 23rd. The shares were bought at an average price of C$13.45 per share, with a total value of C$67,250.00. Following the completion of the transaction, the insider now directly owns 30,000 shares of the company's stock, valued at C$403,500.

Freehold Royalties Stock Down 2.3 %

Shares of TSE:FRU traded down C$0.31 during mid-day trading on Monday, hitting C$13.09. 574,215 shares of the company traded hands, compared to its average volume of 820,217. The stock has a market cap of C$1.97 billion and a P/E ratio of 12.29. The company has a current ratio of 2.54, a quick ratio of 2.11 and a debt-to-equity ratio of 9.46. Freehold Royalties Ltd. has a 12-month low of C$9.83 and a 12-month high of C$17.00. The stock has a 50-day moving average price of C$14.14 and a two-hundred day moving average price of C$14.43.

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Freehold Royalties Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 15th. Investors of record on Monday, August 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.96 annualized dividend and a dividend yield of 7.33%. Freehold Royalties's payout ratio is 68.81%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FRU. National Bankshares lowered their target price on Freehold Royalties from C$22.00 to C$20.00 and set an "outperform" rating for the company in a report on Monday, July 18th. Scotiabank lifted their target price on Freehold Royalties from C$17.00 to C$18.00 in a report on Wednesday, June 8th. CIBC lowered their target price on Freehold Royalties from C$19.00 to C$18.00 and set a "neutral" rating for the company in a report on Wednesday, August 10th. Cormark lifted their target price on Freehold Royalties from C$19.00 to C$21.00 and gave the stock a "buy" rating in a report on Friday, July 8th. Finally, Haywood Securities lowered their target price on Freehold Royalties from C$25.00 to C$23.00 and set an "outperform" rating for the company in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Freehold Royalties currently has a consensus rating of "Moderate Buy" and a consensus price target of C$18.75.

Freehold Royalties Company Profile

(Get Rating)

Freehold Royalties Ltd., an oil and gas royalty company, owns working interests in oil, natural gas, natural gas liquids, and potash properties in Western Canada and the United States. The company holds approximately 6.2 million gross acres of land in Canada and 0.8 million gross drilling unit acres in the United States.

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