StockNews.com began coverage on shares of Sabine Royalty Trust (NYSE:SBR – Get Rating) in a report released on Thursday morning. The brokerage issued a buy rating on the energy company’s stock.
Sabine Royalty Trust Stock Performance
Shares of SBR opened at $66.20 on Thursday. Sabine Royalty Trust has a 52-week low of $54.00 and a 52-week high of $91.10. The business’s fifty day moving average is $80.59 and its 200-day moving average is $80.63. The firm has a market cap of $965.20 million, a price-to-earnings ratio of 7.86 and a beta of 0.55.
Sabine Royalty Trust Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th will be paid a $0.465 dividend. The ex-dividend date is Tuesday, March 14th. This represents a $5.58 annualized dividend and a dividend yield of 8.43%. Sabine Royalty Trust’s payout ratio is 66.39%.
Hedge Funds Weigh In On Sabine Royalty Trust
About Sabine Royalty Trust
Sabine Royalty Trust is an express trust, which engages in the provision of Sabine Corporation’s royalty and mineral interests. It includes landowner’s royalties, overriding royalty interests, minerals, production payments, and any other similar, non-participatory interest, in certain producing, and proved undeveloped oil and gas properties.
- Get a free copy of the StockNews.com research report on Sabine Royalty Trust (SBR)
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