SIR Royalty Income Fund (TSE:SRV.UN) Hits New 52-Week Low - Time to Sell?

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report)'s stock price hit a new 52-week low on Monday . The stock traded as low as C$11.11 and last traded at C$11.61, with a volume of 12673 shares traded. The stock had previously closed at C$12.02.

SIR Royalty Income Fund Stock Performance

The firm's 50 day simple moving average is C$12.61 and its 200 day simple moving average is C$12.74. The firm has a market capitalization of C$106.85 million, a price-to-earnings ratio of 5.59 and a beta of 2.51.

SIR Royalty Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.095 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.14 annualized dividend and a yield of 8.94%. SIR Royalty Income Fund's dividend payout ratio (DPR) is presently 50.00%.

Insiders Place Their Bets

In other news, insider Lembit Janes sold 2,600 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of C$12.60, for a total value of C$32,760.00. Corporate insiders own 28.33% of the company's stock.

SIR Royalty Income Fund Company Profile

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.