PermRock Royalty Trust - PRT Stock Forecast, Price & News

PermRock Royalty Trust's stock was trading at $7.71 at the start of the year. Since then, PRT stock has decreased by 17.6% and is now trading at $6.35.
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PermRock Royalty Trust saw a increase in short interest in February. As of February 15th, there was short interest totaling 27,900 shares, an increase of 19.2% from the January 31st total of 23,400 shares. Based on an average daily volume of 63,100 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.
View PermRock Royalty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 27th 2023.
View our PRT earnings forecast.

PermRock Royalty Trust announced a monthly dividend on Tuesday, March 21st. Shareholders of record on Friday, March 31st will be paid a dividend of $0.0503 per share on Friday, April 14th. This represents a $0.60 annualized dividend and a dividend yield of 9.50%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for PRT.

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $0.72 per share and currently has a dividend yield of 11.58%. PRT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PRT.

Based on aggregate information from My MarketBeat watchlists, some companies that other PermRock Royalty Trust investors own include Main Street Capital (MAIN), New Residential Investment (NRZ), InfraCap MLP ETF (AMZA), Energy Transfer (ET), Golar LNG Partners (GMLP), Hercules Capital (HTGC), Mplx (MPLX), AT&T (T) and Arbor Realty Trust (ABR).

(PRT) raised $126 million in an IPO on Wednesday, May 2nd 2018. The company issued 6,300,000 shares at a price of $19.00-$21.00 per share. Wells Fargo Securities, Goldman Sachs, UBS Investment Bank, Deutsche Bank Securities, Jefferies, Stifel and Oppenheimer acted as the underwriters for the IPO and BB&T Capital Markets and Janney Montgomery Scott were co-managers.

PermRock Royalty Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "PRT."

PermRock Royalty Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.13%).
View institutional ownership trends.

Shares of PRT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PRT stock can currently be purchased for approximately $6.35.

PermRock Royalty Trust (NYSE:PRT) has a market capitalization of $77.28 million and generates $8.14 million in revenue each year.

The company employs 2,020 workers across the globe.

PermRock Royalty Trust's mailing address is P.O. Box 470727, FORT WORTH TX, 76147. The official website for the company is www.permrock.com. The company can be reached via phone at (855) 588-7839 or via fax at 817-298-5579.