Freehold Royalties Ltd (TSE:FRU) insider Karen C. Taylor sold 2,500 shares of the company’s stock in a transaction dated Monday, March 27th. The shares were sold at an average price of C$13.06, for a total transaction of C$32,650.00.
Freehold Royalties Ltd (TSE:FRU) traded up 1.99% during mid-day trading on Tuesday, reaching $13.35. 357,561 shares of the company’s stock were exchanged. Freehold Royalties Ltd has a 52 week low of $9.66 and a 52 week high of $15.16. The stock has a 50-day moving average price of $13.50 and a 200-day moving average price of $13.11. The stock’s market cap is $1.57 billion.
The company also recently disclosed a monthly dividend, which will be paid on Monday, April 17th. Shareholders of record on Monday, April 17th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Wednesday, March 29th. This is a boost from Freehold Royalties’s previous monthly dividend of $0.04.
A number of brokerages have weighed in on FRU. Royal Bank of Canada upped their price target on shares of Freehold Royalties from C$16.00 to C$17.00 in a report on Thursday, December 15th. Desjardins upped their price target 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 price target on shares of Freehold Royalties from C$16.00 to C$19.00 in a report on Wednesday, December 21st. TD Securities reissued a “buy” rating and issued a C$17.00 price target on shares of Freehold Royalties in a report on Friday, January 27th. Finally, National Bank Financial upped their price target on shares of Freehold Royalties from C$17.00 to C$17.50 in a report on Friday, March 3rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$16.31.
About Freehold Royalties
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.