Sabine Royalty Trust (NYSE:SBR) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Sabine Royalty Trust (NYSE:SBR) from a hold rating to a buy rating in a research note issued to investors on Monday morning.

Sabine Royalty Trust Trading Down 0.0 %

Shares of NYSE:SBR opened at $62.44 on Monday. The firm has a market cap of $910.31 million, a price-to-earnings ratio of 10.84 and a beta of 0.48. Sabine Royalty Trust has a 1 year low of $55.60 and a 1 year high of $72.50. The business has a fifty day simple moving average of $64.11 and a 200 day simple moving average of $63.34.

Sabine Royalty Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 15th will be given a dividend of $0.451 per share. This represents a $5.41 annualized dividend and a yield of 8.67%. The ex-dividend date is Thursday, August 15th. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38. Sabine Royalty Trust’s dividend payout ratio (DPR) is presently 93.92%.

Institutional Investors Weigh In On Sabine Royalty Trust

A number of large investors have recently bought and sold shares of the business. Howard Financial Services LTD. increased its holdings in shares of Sabine Royalty Trust by 0.7% during the 1st quarter. Howard Financial Services LTD. now owns 25,745 shares of the energy company’s stock valued at $1,627,000 after acquiring an additional 182 shares during the last quarter. American National Bank raised its position in shares of Sabine Royalty Trust by 0.6% in the first quarter. American National Bank now owns 36,185 shares of the energy company’s stock valued at $2,301,000 after purchasing an additional 200 shares during the period. Moors & Cabot Inc. lifted its stake in shares of Sabine Royalty Trust by 0.8% in the second quarter. Moors & Cabot Inc. now owns 23,998 shares of the energy company’s stock worth $1,552,000 after buying an additional 201 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Sabine Royalty Trust during the 2nd quarter worth $28,000. Finally, Islay Capital Management LLC raised its holdings in Sabine Royalty Trust by 16.7% in the 4th quarter. Islay Capital Management LLC now owns 3,500 shares of the energy company’s stock worth $237,000 after acquiring an additional 500 shares during the period. 15.81% of the stock is currently owned by institutional investors.

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.