Cross Timbers Royalty Trust (NYSE:CRT) Short Interest Down 34.2% in February

Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 10,200 shares, a drop of 34.2% from the January 31st total of 15,500 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Cross Timbers Royalty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in Cross Timbers Royalty Trust during the 4th quarter worth approximately $132,000. Miracle Mile Advisors LLC acquired a new stake in Cross Timbers Royalty Trust in the fourth quarter worth $148,000. Finally, Beacon Pointe Advisors LLC bought a new position in shares of Cross Timbers Royalty Trust during the fourth quarter worth $618,000. 9.74% of the stock is owned by institutional investors.

Cross Timbers Royalty Trust Stock Up 0.7 %

CRT stock traded up $0.08 during midday trading on Tuesday, reaching $10.75. The company’s stock had a trading volume of 26,893 shares, compared to its average volume of 34,231. Cross Timbers Royalty Trust has a 52 week low of $8.88 and a 52 week high of $17.30. The stock has a market cap of $64.50 million, a PE ratio of 9.60 and a beta of 0.56. The business’s 50-day simple moving average is $10.45 and its 200-day simple moving average is $10.29.

Cross Timbers Royalty Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.0456 dividend. This represents a $0.55 annualized dividend and a yield of 5.09%. The ex-dividend date is Friday, February 28th. Cross Timbers Royalty Trust’s payout ratio is 48.21%.

Cross Timbers Royalty Trust Company Profile

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.