Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Shares of Cross Timbers Royalty Trust (NYSE:CRT - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.57 and traded as low as $10.20. Cross Timbers Royalty Trust shares last traded at $10.65, with a volume of 19,724 shares trading hands.

Cross Timbers Royalty Trust Trading Up 0.2 %

The firm has a market cap of $65.22 million, a PE ratio of 9.71 and a beta of 0.23. The firm has a fifty day moving average price of $10.95 and a 200 day moving average price of $10.58.

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

Cross Timbers Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were issued a $0.1567 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 17.30%. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Cross Timbers Royalty Trust's previous monthly dividend of $0.05. Cross Timbers Royalty Trust's dividend payout ratio (DPR) is currently 200.00%.

Hedge Funds Weigh In On Cross Timbers Royalty Trust

Hedge funds have recently added to or reduced their stakes in the business. Miracle Mile Advisors LLC purchased a new position in Cross Timbers Royalty Trust during the fourth quarter worth approximately $148,000. Citadel Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust in the 4th quarter worth about $132,000. Finally, Beacon Pointe Advisors LLC bought a new position in Cross Timbers Royalty Trust in the 4th quarter worth about $618,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

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.