PermRock Royalty Trust (PRT) Stock Forecast, Price & News

PermRock Royalty Trust's stock was trading at $7.71 at the beginning of 2023. Since then, PRT stock has decreased by 41.1% and is now trading at $4.54.
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PermRock Royalty Trust saw a decline in short interest in May. As of May 15th, there was short interest totaling 40,200 shares, a decline of 16.3% from the April 30th total of 48,000 shares. Based on an average daily trading volume, of 56,000 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company's shares are sold short.
View PermRock Royalty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 21st 2023.
View our PRT earnings forecast.

PermRock Royalty Trust declared a monthly dividend on Friday, May 19th. Investors of record on Wednesday, May 31st will be paid a dividend of $0.03 per share on Wednesday, June 14th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Tuesday, May 30th.
Read our dividend analysis for PRT.

PermRock Royalty Trust (NYSE:PRT) pays an annual dividend of $0.37 per share and currently has a dividend yield of 8.01%. 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 initial public offering (IPO) on Wednesday, May 2nd 2018. The company issued 6,300,000 shares at $19.00-$21.00 per share. Wells Fargo Securities, Goldman Sachs, UBS Investment Bank, Deutsche Bank Securities, Jefferies, Stifel and Oppenheimer served 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 number of retail and institutional investors. Top institutional investors include Susquehanna International Group LLP (0.15%).
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 $4.54.

PermRock Royalty Trust (NYSE:PRT) has a market capitalization of $55.25 million and generates $13.16 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.