Freehold Royalties Ltd (TSE:FRU) insider Michael John Stone acquired 5,346 shares of the stock in a transaction that occurred on Monday, March 20th. The shares were bought at an average price of C$13.77 per share, for a total transaction of C$73,614.42.
Shares of Freehold Royalties Ltd (TSE:FRU) traded down 1.60% during mid-day trading on Monday, hitting $13.57. 127,990 shares of the stock were exchanged. The company’s market cap is $1.60 billion. The stock’s 50-day moving average price is $13.45 and its 200-day moving average price is $13.02. Freehold Royalties Ltd has a 52-week low of $9.66 and a 52-week high of $15.16.
The business also recently announced a monthly dividend, which will be paid on Monday, April 17th. Investors of record on Monday, April 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This is a boost from Freehold Royalties’s previous monthly dividend of $0.04. This represents a $0.60 dividend on an annualized basis and a yield of 4.42%.
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A number of research analysts recently weighed in on FRU shares. Acumen Capital restated a “buy” rating and set a C$16.25 price objective on shares of Freehold Royalties in a research report on Tuesday, November 29th. Royal Bank of Canada increased their price objective on shares of Freehold Royalties from C$16.00 to C$17.00 in a research report on Thursday, December 15th. Desjardins upped their target price on shares of Freehold Royalties from C$14.00 to C$15.00 in a report on Wednesday, December 21st. BMO Capital Markets upped their target price on shares of Freehold Royalties from C$16.00 to C$19.00 in a report on Wednesday, December 21st. Finally, TD Securities reaffirmed a “buy” rating and set a C$17.00 target price on shares of Freehold Royalties in a report on Friday, January 27th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$16.31.
Freehold Royalties Company Profile
Freehold Royalties Ltd. is a Canada-based company engaged in the development and production of oil and natural gas, predominantly in western Canada. The Company’s primary focus is acquiring and managing oil and natural gas royalties. The Company manages a non-government portfolio of oil and natural gas royalties in Canada.
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