StockNews.com upgraded shares of Sabine Royalty Trust (NYSE:SBR – Free Report) from a hold rating to a buy rating in a report published on Monday.
Sabine Royalty Trust Stock Down 0.4 %
SBR stock opened at $61.40 on Monday. The company’s 50-day moving average price is $64.26 and its two-hundred day moving average price is $63.39. The firm has a market cap of $895.15 million, a P/E ratio of 10.66 and a beta of 0.48. Sabine Royalty Trust has a 12 month low of $55.60 and a 12 month high of $72.50.
Sabine Royalty Trust Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.451 per share. This represents a $5.41 dividend on an annualized basis and a yield of 8.81%. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38. The ex-dividend date is Thursday, August 15th. Sabine Royalty Trust’s payout ratio is presently 93.92%.
Hedge Funds Weigh In On Sabine Royalty Trust
Sabine Royalty Trust Company Profile
Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.
Read More
- Five stocks we like better than Sabine Royalty Trust
- Best Stocks Under $5.00
- Buy the Dip in Home Depot, But Wait for It to Bottom First
- 3 Best Fintech Stocks for a Portfolio Boost
- Micron Stock Just Got Its Most Bullish Update Of The Year
- Why Invest in High-Yield Dividend Stocks?
- How to Trade a Long Straddle When Expecting a Large Earnings Move
Receive News & Ratings for Sabine Royalty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabine Royalty Trust and related companies with MarketBeat.com's FREE daily email newsletter.