SIR Royalty Income Fund (TSE:SRV.UN) Stock Crosses Below Two Hundred Day Moving Average of $14.53

SIR Royalty Income Fund (TSE:SRV.UN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$14.53 and traded as low as C$12.50. SIR Royalty Income Fund shares last traded at C$12.50, with a volume of 2,390 shares changing hands.

SIR Royalty Income Fund Stock Performance

The firm has a market capitalization of C$104.75 million, a PE ratio of 5.27 and a beta of 2.57. The company’s 50-day moving average price is C$13.08 and its 200-day moving average price is C$14.53.

SIR Royalty Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were paid a $0.095 dividend. The ex-dividend date was Thursday, June 20th. This represents a $1.14 annualized dividend and a yield of 9.12%. SIR Royalty Income Fund’s dividend payout ratio is currently 48.10%.

Insider Activity

In other news, insider Lembit Janes bought 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was purchased at an average cost of C$11.50 per share, with a total value of C$31,050.00. Company insiders own 28.17% of the company’s stock.

About SIR Royalty Income Fund

SIR Royalty Income Fund, through SIR Royalty Limited Partnership, owns SIR's restaurants in Canada. The company operates concept restaurants under the Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House; and signature restaurant brands under the Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose brands.