Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.21 and traded as high as $10.58. Cross Timbers Royalty Trust shares last traded at $10.58, with a volume of 30,924 shares trading hands.
Cross Timbers Royalty Trust Stock Up 1.6 %
The firm has a market cap of $64.50 million, a PE ratio of 9.60 and a beta of 0.56. The company's fifty day moving average price is $10.25 and its two-hundred day moving average price is $10.24.
Cross Timbers Royalty Trust Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were issued a $0.095 dividend. This represents a $1.14 annualized dividend and a dividend yield of 10.61%. The ex-dividend date was Friday, January 31st. Cross Timbers Royalty Trust's payout ratio is 101.79%.
Institutional Trading of Cross Timbers Royalty Trust
Several hedge funds and other institutional investors have recently made changes to their positions in CRT. Citadel Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the fourth quarter valued at about $132,000. Miracle Mile Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the fourth quarter valued at about $148,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Cross Timbers Royalty Trust in the fourth quarter valued at about $618,000. Hedge funds and other institutional investors own 9.74% of the company's stock.
About Cross Timbers Royalty Trust
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Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.
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