Scully Royalty (NYSE:SRL) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Scully Royalty (NYSE:SRL) to a hold rating in a research report report published on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Scully Royalty in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Scully Royalty Price Performance

Shares of NYSE:SRL opened at $8.87 on Friday. The firm has a fifty day moving average price of $8.74 and a two-hundred day moving average price of $6.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 5.10 and a quick ratio of 5.10. Scully Royalty has a one year low of $5.13 and a one year high of $10.39.

Scully Royalty (NYSE:SRL) last released its quarterly earnings results 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 for the quarter.

Hedge Funds Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned approximately 0.10% of Scully Royalty at the end of the most recent quarter. 41.96% of the stock is currently owned by institutional investors and hedge funds.

Scully Royalty Company Profile

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.