Freehold Royalties Ltd (TSE:FRU) Director Susan Mary Mackenzie bought 3,000 shares of Freehold Royalties stock in a transaction dated Tuesday, January 26th. The shares were bought at an average cost of C$10.04 per share, for a total transaction of C$30,105.00.

A number of research firms have recently issued reports on FRU. Raymond James began coverage on shares of Freehold Royalties in a research note on Wednesday, December 2nd. They set a “market perform” rating and a C$15.00 price objective on the stock. National Bank Financial dropped their price objective on shares of Freehold Royalties from C$15.00 to C$14.00 and set an “outperform” rating on the stock in a research note on Thursday, December 3rd. Barclays dropped their price objective on shares of Freehold Royalties from C$15.00 to C$11.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 29th. Finally, CIBC dropped their price objective on shares of Freehold Royalties from C$13.00 to C$11.50 in a research note on Thursday, January 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of C$15.19.

Shares of Freehold Royalties Ltd (TSE:FRU) opened at 10.35 on Friday. The firm has a 50-day moving average of $9.92 and a 200 day moving average of $11.02. The firm has a market capitalization of $1.02 billion and a P/E ratio of 60.53. Freehold Royalties Ltd has a 52 week low of $8.29 and a 52 week high of $20.62.

The company also recently announced a monthly dividend, which will be paid on Monday, February 15th. Shareholders of record on Monday, February 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 27th. This represents a $0.84 annualized dividend and a yield of 8.12%.

Freehold Royalties Ltd. is engaged in the development and production of oil and natural gas. The Company is focused on acquiring and managing oil and natural gas royalties. Its total land holdings consist of approximately three million gross acres. The Company’s mineral title lands and royalty assumption lands cover approximately 693,000 acres. It has gross overriding royalty interests in over two million acres. The Company has interests in approximately 31,000 wells, of which over 30,000 are royalty wells. The Company has drilled and completed a total of approximately 10,920 wells in the Western Canadian Sedimentary Basin. The Company is engaged in drilling activities in the Bakken and Mississippian subcrop plays in southeast Saskatchewan. It is also engaged in drilling of wells targeting Cardium and Glauconite oil and liquids-rich gas targets in west central Alberta.

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