World Point Terminals LP (WPT) Declares Quarterly Dividend of $0.30
World Point Terminals LP (NYSE:WPT) declared a quarterly dividend on Tuesday, October 18th. Stockholders 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 dividend yield of 7.96%. The ex-dividend date is Wednesday, October 26th.
Shares of World Point Terminals (NYSE:WPT) traded down 0.13% on Tuesday, hitting $15.03. 24,674 shares of the stock were exchanged. The company has a market cap of $523.96 million, a PE ratio of 15.40 and a beta of 0.28. The company has a 50-day moving average price of $15.05 and a 200 day moving average price of $15.25. World Point Terminals has a 12 month low of $11.79 and a 12 month high of $16.49.
World Point Terminals (NYSE:WPT) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. World Point Terminals had a net margin of 35.38% and a return on equity of 17.44%. Equities analysts forecast that World Point Terminals will post $1.10 EPS for the current fiscal year.
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An institutional investor recently bought a new position in World Point Terminals stock. California Public Employees Retirement System purchased a new position in shares of World Point Terminals LP (NYSE:WPT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,700 shares of the company’s stock, valued at approximately $248,000. 28.06% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised shares of World Point Terminals from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, September 13th. They noted that the move was a valuation call. Zacks Investment Research cut shares of World Point Terminals from a “buy” rating to a “hold” rating in a research note on Saturday, August 13th. Finally, TheStreet raised shares of World Point Terminals from a “hold” rating to a “buy” rating in a research note 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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