Sabine Royalty Trust (SBR) Stock Forecast, Price & News

Sabine Royalty Trust's stock was trading at $85.45 at the beginning of 2023. Since then, SBR shares have decreased by 20.6% and is now trading at $67.85.
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Sabine Royalty Trust saw a decrease in short interest in April. As of April 30th, there was short interest totaling 17,800 shares, a decrease of 32.3% from the April 15th total of 26,300 shares. Based on an average daily volume of 75,100 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company's shares are sold short.
View Sabine Royalty Trust's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our SBR earnings forecast.

Sabine Royalty Trust (NYSE:SBR) released its quarterly earnings data on Thursday, May, 7th. The energy company reported $0.71 earnings per share (EPS) for the quarter. The energy company had revenue of $11.31 million for the quarter. Sabine Royalty Trust had a net margin of 97.32% and a trailing twelve-month return on equity of 986.95%.

Sabine Royalty Trust announced a monthly dividend on Monday, June 5th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.326 per share on Thursday, June 29th. This represents a $3.91 annualized dividend and a dividend yield of 5.77%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for SBR.

ETFs with the largest weight of Sabine Royalty Trust (NYSE:SBR) stock in their portfolio include Global SuperDividend US ETF (DIV), Virtus Real Asset Income ETF (VRAI), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and Horizon Kinetics Energy and Remediation ETF (NVIR).Horizon Kinetics Inflation Beneficiaries ETF (INFL).

Sabine Royalty Trust (NYSE:SBR) pays an annual dividend of $3.91 per share and currently has a dividend yield of 8.43%. SBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 45.25%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SBR.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sabine Royalty Trust investors own include AT&T (T), AGNC Investment (AGNC), Enterprise Products Partners (EPD), Energy Transfer (ET), Wells Fargo & Company (WFC), Main Street Capital (MAIN), Pembina Pipeline (PBA), ARMOUR Residential REIT (ARR), Realty Income (O) and Shaw Communications (SJR).

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

Sabine Royalty Trust's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Fayez Sarofim & Co (1.79%), Mirae Asset Global Investments Co. Ltd. (1.21%), Ronald Blue Trust Inc. (0.41%), Chilton Capital Management LLC (0.35%), Royce & Associates LP (0.33%) and Royce & Associates LP (0.33%).

Shares of SBR 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 SBR stock can currently be purchased for approximately $67.85.

Sabine Royalty Trust (NYSE:SBR) has a market capitalization of $989.19 million and generates $128.95 million in revenue each year. The energy company earns $122.69 million in net income (profit) each year or $8.64 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Sabine Royalty Trust's mailing address is PARK PLACE SUITE 850 2911 TURTLE CREEK BOULEVARD, DALLAS TX, 75219. The official website for the company is www.sbr-sabine.com. The energy company can be reached via phone at (855) 588-7839 or via fax at 214-559-7010.