Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 59.6% in March

Cross Timbers Royalty Trust (NYSE:CRT) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 8,200 shares, a decrease of 59.6% from the February 28th total of 20,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is currently 0.3 days.

Cross Timbers Royalty Trust Price Performance

Shares of Cross Timbers Royalty Trust stock traded up $0.57 during trading on Friday, hitting $12.33. 46,264 shares of the company were exchanged, compared to its average volume of 31,990. The firm’s fifty day moving average price is $10.88 and its 200 day moving average price is $10.46. Cross Timbers Royalty Trust has a 1-year low of $8.88 and a 1-year high of $14.98. The firm has a market capitalization of $73.95 million, a P/E ratio of 11.00 and a beta of 0.52.

Cross Timbers Royalty Trust (NYSE:CRT) last posted its earnings results on Thursday, March 27th. The oil and gas company reported $0.22 earnings per share for the quarter. Cross Timbers Royalty Trust had a net margin of 88.08% and a return on equity of 262.62%. The company had revenue of $1.48 million for the quarter.

Cross Timbers Royalty Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.1567 dividend. This is an increase from Cross Timbers Royalty Trust’s previous monthly dividend of $0.05. This represents a $1.88 annualized dividend and a dividend yield of 15.26%. The ex-dividend date of this dividend is Monday, March 31st. Cross Timbers Royalty Trust’s dividend payout ratio is 167.86%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

A number of hedge funds have recently modified their holdings of CRT. Citadel Advisors LLC bought a new stake in Cross Timbers Royalty Trust during the 4th quarter worth approximately $132,000. Miracle Mile Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust in the fourth quarter valued at approximately $148,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of Cross Timbers Royalty Trust during the fourth quarter worth $618,000. Institutional investors and hedge funds own 9.74% of the company’s stock.

Cross Timbers Royalty Trust Company Profile

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.