Cross Timbers Royalty Trust (NYSE:CRT) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Posted by John Perry on Feb 27th, 2025

Shares of Cross Timbers Royalty Trust (NYSE:CRT – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.35 and traded as high as $10.82. Cross Timbers Royalty Trust shares last traded at $10.72, with a volume of 40,765 shares traded.

Cross Timbers Royalty Trust Stock Down 0.4 %

The company’s fifty day moving average is $10.35 and its 200-day moving average is $10.28. The company has a market cap of $64.32 million, a PE ratio of 9.57 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.0456 dividend. This represents a $0.55 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Friday, February 28th. Cross Timbers Royalty Trust’s dividend payout ratio is currently 48.21%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC purchased a new stake in Cross Timbers Royalty Trust in the fourth quarter worth approximately $132,000. Beacon Pointe Advisors LLC bought a new position in Cross Timbers Royalty Trust in the fourth quarter worth approximately $618,000. Finally, Miracle Mile Advisors LLC bought a new position in Cross Timbers Royalty Trust in the fourth quarter worth approximately $148,000. Hedge funds and other institutional investors own 9.74% of the company’s stock.

About Cross Timbers Royalty Trust

(Get Free Report)

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.