SIR Royalty Income Fund (TSE:SRV.UN) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

SIR Royalty Income Fund (TSE:SRV.UN - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$13.23 and traded as high as C$13.44. SIR Royalty Income Fund shares last traded at C$13.44, with a volume of 2,860 shares trading hands.

SIR Royalty Income Fund Stock Down 1.2%

The firm's 50-day simple moving average is C$13.25 and its 200-day simple moving average is C$12.90. The firm has a market capitalization of C$111.45 million, a PE ratio of 5.83 and a beta of 2.51.

SIR Royalty Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $1.14 annualized dividend and a yield of 8.57%. SIR Royalty Income Fund's payout ratio is 50.00%.

Insider Buying and Selling at SIR Royalty Income Fund

In other news, insider Lembit Janes sold 7,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$13.71, for a total transaction of C$95,970.00. Insiders have sold 61,600 shares of company stock worth $791,373 in the last ninety days. Corporate insiders own 28.33% of the company's stock.

About SIR Royalty Income Fund

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.