Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.55 and traded as high as $10.82. Cross Timbers Royalty Trust shares last traded at $10.75, with a volume of 11,867 shares traded.
Cross Timbers Royalty Trust Price Performance
The firm has a 50-day moving average of $10.59 and a 200-day moving average of $10.31. The stock has a market cap of $65.55 million, a PE ratio of 9.75 and a beta of 0.52.
Cross Timbers Royalty Trust Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.0456 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.01%. Cross Timbers Royalty Trust's dividend payout ratio is 48.21%.
Institutional Trading of Cross Timbers Royalty Trust
A number of institutional investors and hedge funds have recently bought and sold shares of CRT. Citadel Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust during the fourth quarter valued at about $132,000. Miracle Mile Advisors LLC bought a new position in Cross Timbers Royalty Trust during the fourth quarter valued at approximately $148,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Cross Timbers Royalty Trust during the 4th quarter valued at approximately $618,000. 9.74% of the stock is currently owned by institutional investors.
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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