Scully Royalty (NYSE:SRL) Issues Quarterly Earnings Results

Scully Royalty (NYSE:SRL) posted its quarterly earnings results on Wednesday. The financial services provider reported ($0.05) EPS for the quarter, FiscalAI reports. The business had revenue of $6.82 million during the quarter.

Scully Royalty Trading Down 2.3%

SRL stock opened at $8.55 on Friday. The stock has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $5.94. Scully Royalty has a 1 year low of $5.13 and a 1 year high of $9.99.

Hedge Funds Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp bought a new stake in Scully Royalty Ltd. (NYSE:SRL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned 0.10% of Scully Royalty as of its most recent SEC filing. 41.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Scully Royalty in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Scully Royalty has an average rating of “Sell”.

About Scully Royalty

Scully Royalty Ltd. is a mineral royalty company that acquires, owns and manages a diversified portfolio of oil and gas royalty and overriding royalty interests in key onshore producing regions of the United States. As a royalty owner, the company receives a percentage of production revenue from its assets without assuming the operational and capital expenditure burdens associated with exploration and development.

The company’s portfolio spans multiple established hydrocarbon basins, including conventional and unconventional plays.