Freehold Royalties Ltd. (TSE:FRU) Senior Officer Ian C. Hantke Acquires 4,200 Shares

Freehold Royalties Ltd. (TSE:FRU) Senior Officer Ian C. Hantke purchased 4,200 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was acquired at an average price of C$14.22 per share, for a total transaction of C$59,713.50.

Freehold Royalties Trading Down 0.2 %

Shares of TSE FRU traded down C$0.03 during trading on Tuesday, reaching C$14.30. The company had a trading volume of 208,790 shares, compared to its average volume of 353,465. The company’s fifty day moving average price is C$14.16 and its 200-day moving average price is C$14.15. Freehold Royalties Ltd. has a 12 month low of C$12.66 and a 12 month high of C$15.44. The stock has a market cap of C$2.15 billion, a P/E ratio of 16.22, a PEG ratio of -0.92 and a beta of 2.01. The company has a quick ratio of 1.50, a current ratio of 2.12 and a debt-to-equity ratio of 13.49.

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

Freehold Royalties Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $0.09 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend was Wednesday, March 27th. Freehold Royalties’s dividend payout ratio is 122.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BMO Capital Markets set a C$15.00 price target on Freehold Royalties and gave the company a “market perform” rating in a research note on Wednesday, March 13th. ATB Capital reduced their price objective on Freehold Royalties from C$19.50 to C$19.00 in a research report on Tuesday, January 2nd. National Bankshares reduced their price objective on Freehold Royalties from C$20.00 to C$17.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 10th. Raymond James reduced their price objective on Freehold Royalties from C$20.00 to C$17.50 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, CIBC reduced their price objective on Freehold Royalties from C$16.75 to C$16.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.81.

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.