Scully Royalty (NYSE:SRL) Raised to “Hold” at Wall Street Zen

Scully Royalty (NYSE:SRL) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Scully Royalty in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Scully Royalty Trading Down 2.4%

Scully Royalty stock opened at $8.87 on Friday. The business has a 50 day moving average price of $8.74 and a two-hundred day moving average price of $6.88. The company has a quick ratio of 5.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.13. Scully Royalty has a 12 month low of $5.13 and a 12 month high of $10.39.

Scully Royalty (NYSE:SRL) last announced its quarterly earnings data on Wednesday, December 31st. The financial services provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $6.82 million during the quarter.

Institutional Investors Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. Barclays PLC bought a new position in Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned about 0.20% of Scully Royalty as of its most recent filing with the Securities and Exchange Commission. 41.96% of the stock is owned by institutional investors and hedge funds.

About Scully Royalty

Scully Royalty Ltd. is a mineral royalty company that acquires, owns and manages a diversified portfolio of oil and gas royalty and overriding royalty interests in key onshore producing regions of the United States. As a royalty owner, the company receives a percentage of production revenue from its assets without assuming the operational and capital expenditure burdens associated with exploration and development.

The company’s portfolio spans multiple established hydrocarbon basins, including conventional and unconventional plays.