PermRock Royalty Trust - PRT Stock Forecast, Price & News

PermRock Royalty Trust's stock was trading at $7.00 at the beginning of 2022. Since then, PRT shares have increased by 22.0% and is now trading at $8.54.
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PermRock Royalty Trust saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,400 shares, an increase of 138.7% from the June 30th total of 3,100 shares. Based on an average daily trading volume, of 65,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold.
View PermRock Royalty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 15th 2022.
View our PRT earnings forecast.

PermRock Royalty Trust (NYSE:PRT) issued its quarterly earnings results on Monday, May, 16th. The company reported $0.21 earnings per share for the quarter. The firm had revenue of $2.79 million for the quarter. PermRock Royalty Trust had a trailing twelve-month return on equity of 9.62% and a net margin of 84.15%.

PermRock Royalty Trust announced a monthly dividend on Wednesday, July 20th. Shareholders of record on Friday, July 29th will be paid a dividend of $0.0907 per share on Friday, August 12th. This represents a $1.09 annualized dividend and a dividend yield of 12.75%. The ex-dividend date of this dividend is Thursday, July 28th.
Read our dividend analysis for PRT.

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $1.09 per share and currently has a dividend yield of 12.69%. 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), Brookfield Property Partners (BPY), 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 initial public offering (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."

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 $8.54.

PermRock Royalty Trust (NYSE:PRT) has a market capitalization of $103.93 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.