Concurrent Investment Advisors LLC Invests $302,000 in Sabine Royalty Trust (NYSE:SBR)

Concurrent Investment Advisors LLC bought a new position in shares of Sabine Royalty Trust (NYSE:SBR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,665 shares of the energy company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Howard Financial Services LTD. boosted its holdings in shares of Sabine Royalty Trust by 0.7% during the 1st quarter. Howard Financial Services LTD. now owns 25,745 shares of the energy company’s stock worth $1,627,000 after purchasing an additional 182 shares during the last quarter. American National Bank lifted its holdings in Sabine Royalty Trust by 0.6% in the first quarter. American National Bank now owns 36,185 shares of the energy company’s stock valued at $2,301,000 after acquiring an additional 200 shares during the last quarter. Olistico Wealth LLC acquired a new position in Sabine Royalty Trust in the second quarter valued at approximately $28,000. Raymond James & Associates lifted its holdings in Sabine Royalty Trust by 2.3% in the second quarter. Raymond James & Associates now owns 26,427 shares of the energy company’s stock valued at $1,710,000 after acquiring an additional 588 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in Sabine Royalty Trust in the second quarter valued at approximately $48,000. 15.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Sabine Royalty Trust from a “hold” rating to a “buy” rating in a report on Monday, August 12th.

Sabine Royalty Trust Stock Performance

SBR opened at $63.35 on Wednesday. Sabine Royalty Trust has a one year low of $55.60 and a one year high of $72.50. The stock has a market capitalization of $936.58 million, a PE ratio of 11.00 and a beta of 0.47. The business’s 50 day moving average price is $63.72 and its 200 day moving average price is $63.56.

Sabine Royalty Trust (NYSE:SBR) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $1.51 EPS for the quarter. The firm had revenue of $22.78 million for the quarter. Sabine Royalty Trust had a return on equity of 1,098.84% and a net margin of 96.63%.

Sabine Royalty Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a $0.451 dividend. This is a positive change from Sabine Royalty Trust’s previous monthly dividend of $0.38. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $5.41 dividend on an annualized basis and a yield of 8.54%. Sabine Royalty Trust’s payout ratio is presently 93.92%.

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.