Shares of Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.35 and traded as high as $10.82. Cross Timbers Royalty Trust shares last traded at $10.72, with a volume of 40,765 shares.
Cross Timbers Royalty Trust Price Performance
The firm has a 50 day moving average price of $10.43 and a 200-day moving average price of $10.29. The firm has a market cap of $64.38 million, a price-to-earnings ratio of 9.58 and a beta of 0.56.
Cross Timbers Royalty Trust Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.0456 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Friday, February 28th. Cross Timbers Royalty Trust's dividend payout ratio is 48.21%.
Hedge Funds Weigh In On Cross Timbers Royalty Trust
Several large investors have recently bought and sold shares of CRT. Citadel Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust in the 4th quarter valued at $132,000. Beacon Pointe Advisors LLC acquired a new position in Cross Timbers Royalty Trust in the fourth quarter valued at about $618,000. Finally, Miracle Mile Advisors LLC bought a new position in Cross Timbers Royalty Trust during the fourth quarter worth about $148,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.
Cross Timbers Royalty Trust Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Cross Timbers Royalty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cross Timbers Royalty Trust wasn't on the list.
While Cross Timbers Royalty Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
