Nam Tai Property Inc. (NTP) To Go Ex-Dividend on September 27th
Nam Tai Property Inc. (NYSE:NTP) announced a quarterly dividend on Tuesday, November 29th, Wall Street Journal reports. Investors of record on Saturday, September 30th will be paid a dividend of 0.07 per share by the electronics maker on Friday, October 20th. This represents a $0.28 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, September 27th.
Shares of Nam Tai Property (NTP) opened at 10.45 on Friday. The company has a 50-day moving average of $10.27 and a 200 day moving average of $8.58. The firm’s market cap is $382.21 million. Nam Tai Property has a one year low of $6.79 and a one year high of $11.23.
Nam Tai Property (NYSE:NTP) last issued its earnings results on Monday, July 31st. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. Nam Tai Property had a negative return on equity of 1.09% and a negative net margin of 112.71%. The business had revenue of $0.54 million during the quarter.
A hedge fund recently raised its stake in Nam Tai Property stock. State Street Corp raised its holdings in Nam Tai Property Inc. (NYSE:NTP) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,578 shares of the electronics maker’s stock after purchasing an additional 141 shares during the period. State Street Corp owned about 0.06% of Nam Tai Property worth $188,000 as of its most recent SEC filing. 28.01% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently commented on NTP shares. BidaskClub raised Nam Tai Property from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th. ValuEngine lowered Nam Tai Property from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th.
Nam Tai Property Company Profile
Nam Tai Property Inc is a holding company. The Company is a property development and management company. The Company focuses on redevelopment of on two parcels of land in Gushu and Guangming, Shenzhen, China, into high-end commercial complexes. Its property development project in Guangming, Shenzhen, is named as Namtai Inno Park, and its property development project in Gushu, Shenzhen, is named as Namtai Inno City.
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