Sabine Royalty Trust (NYSE:SBR) Hits New 12-Month High – Should You Buy?

Sabine Royalty Trust (NYSE:SBR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.50 and last traded at $69.49, with a volume of 14990 shares traded. The stock had previously closed at $68.64.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Sabine Royalty Trust from a “hold” rating to a “buy” rating in a research report on Monday, February 10th.

Sabine Royalty Trust Stock Performance

The stock has a market cap of $1.01 billion, a P/E ratio of 10.63 and a beta of 0.48. The firm has a 50-day moving average price of $66.05 and a 200-day moving average price of $63.63.

Sabine Royalty Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.4395 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $5.27 annualized dividend and a dividend yield of 7.65%. This is an increase from Sabine Royalty Trust’s previous monthly dividend of $0.14. Sabine Royalty Trust’s dividend payout ratio is presently 81.20%.

Institutional Trading of Sabine Royalty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Beacon Pointe Advisors LLC boosted its stake in Sabine Royalty Trust by 289.7% during the 4th quarter. Beacon Pointe Advisors LLC now owns 188,111 shares of the energy company’s stock valued at $12,191,000 after purchasing an additional 139,836 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in Sabine Royalty Trust by 9.5% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 109,921 shares of the energy company’s stock valued at $7,124,000 after purchasing an additional 9,553 shares during the last quarter. TrueMark Investments LLC boosted its stake in Sabine Royalty Trust by 547.0% during the 4th quarter. TrueMark Investments LLC now owns 88,303 shares of the energy company’s stock valued at $5,723,000 after purchasing an additional 74,655 shares during the last quarter. Howard Financial Services LTD. boosted its stake in Sabine Royalty Trust by 14.6% during the 4th quarter. Howard Financial Services LTD. now owns 77,336 shares of the energy company’s stock valued at $5,012,000 after purchasing an additional 9,840 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Sabine Royalty Trust during the 4th quarter valued at $1,920,000. 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.