Sabine Royalty Trust (NYSE:SBR) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Sabine Royalty Trust (NYSE:SBR) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $62.99 and traded as low as $61.76. Sabine Royalty Trust shares last traded at $61.89, with a volume of 20,289 shares.

Analyst Ratings Changes

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday.

Sabine Royalty Trust Trading Down 0.4 %

The company has a fifty day simple moving average of $61.40 and a two-hundred day simple moving average of $62.99.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.5144 per share. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.44. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.17 annualized dividend and a yield of 9.97%. Sabine Royalty Trust’s dividend payout ratio is 95.07%.

Institutional Investors Weigh In On Sabine Royalty Trust

Large investors have recently bought and sold shares of the stock. Olistico Wealth LLC purchased a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at about $28,000. Family Firm Inc. purchased a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at about $48,000. Captrust Financial Advisors purchased a new position in shares of Sabine Royalty Trust in the 3rd quarter valued at about $230,000. Concurrent Investment Advisors LLC purchased a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at about $302,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Sabine Royalty Trust in the 2nd quarter valued at about $323,000. Hedge funds and other institutional investors own 15.81% of the company’s stock.

About Sabine Royalty Trust

Sabine Royalty Trust holds royalty and mineral interests in various producing oil and gas properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interest in certain producing and proved undeveloped oil and gas properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas.