World Point Terminals LP (WPT) to Issue $0.30 Quarterly Dividend
World Point Terminals LP (NYSE:WPT) declared a quarterly dividend on Tuesday, October 18th. Shareholders of record on Friday, October 28th will be paid a dividend of 0.30 per share on Monday, November 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Wednesday, October 26th.
World Point Terminals (NYSE:WPT) opened at 15.03 on Wednesday. World Point Terminals has a one year low of $11.79 and a one year high of $16.49. The firm has a market cap of $523.96 million, a PE ratio of 15.40 and a beta of 0.28. The firm has a 50-day moving average price of $15.04 and a 200-day moving average price of $15.26.
World Point Terminals (NYSE:WPT) last released its earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. World Point Terminals had a return on equity of 17.44% and a net margin of 35.38%. On average, equities analysts expect that World Point Terminals will post $1.10 EPS for the current fiscal year.
An institutional investor recently bought a new position in World Point Terminals stock. California Public Employees Retirement System purchased a new position in World Point Terminals LP (NYSE:WPT) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,700 shares of the company’s stock, valued at approximately $248,000. Hedge funds and other institutional investors own 28.06% of the company’s stock.
Several brokerages have recently weighed in on WPT. Stifel Nicolaus upgraded World Point Terminals from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, September 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded World Point Terminals from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Friday, August 12th. Finally, TheStreet upgraded World Point Terminals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 12th.
World Point Terminals Company Profile
World Point Terminals, LP owns, operates, develops and acquires liquid bulk storage terminals and other assets relating to the storage of petroleum products, including light refined products, heavy refined products and crude oil. The Company operates fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.
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