Capital Product Partners - CPLP Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Capital Product Partners in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CPLP shares.
View CPLP analyst ratings or view top-rated stocks.

2 brokers have issued 1-year target prices for Capital Product Partners' shares. Their CPLP share price forecasts range from $17.00 to $20.00. On average, they predict the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 45.3% from the stock's current price.
View analysts price targets for CPLP or view top-rated stocks among Wall Street analysts.

Capital Product Partners' stock was trading at $13.65 at the start of the year. Since then, CPLP shares have decreased by 6.7% and is now trading at $12.73.
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Capital Product Partners saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 49,200 shares, an increase of 92.2% from the February 28th total of 25,600 shares. Based on an average trading volume of 57,500 shares, the short-interest ratio is currently 0.9 days. Approximately 0.4% of the company's shares are sold short.
View Capital Product Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our CPLP earnings forecast.

Capital Product Partners L.P. (NASDAQ:CPLP) issued its quarterly earnings results on Thursday, November, 4th. The shipping company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.44 by $0.18. The shipping company had revenue of $40.09 million for the quarter, compared to analysts' expectations of $36.25 million. Capital Product Partners had a net margin of 41.67% and a trailing twelve-month return on equity of 13.55%. During the same period in the prior year, the business earned $0.41 EPS.

Capital Product Partners announced a quarterly dividend on Thursday, January 26th. Investors of record on Tuesday, February 7th will be given a dividend of $0.15 per share on Friday, February 10th. This represents a $0.60 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Monday, February 6th.
Read our dividend analysis for CPLP.

ETFs with the largest weight of Capital Product Partners (NASDAQ:CPLP) stock in their portfolio include Global X MSCI Greece ETF (GREK) and AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).

Capital Product Partners (NASDAQ:CPLP) pays an annual dividend of $0.60 per share and currently has a dividend yield of 4.75%. CPLP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CPLP will have a dividend payout ratio of 15.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CPLP.

Capital Product Partners's stock reverse split on Thursday, March 28th 2019. The 1-7 reverse split was announced on Wednesday, March 6th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, March 27th 2019. An investor that had 100 shares of stock prior to the reverse split would have 14 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Capital Product Partners investors own include Energy Transfer (ET), New Residential Investment (NRZ), Prospect Capital (PSEC), AT&T (T), DHT (DHT), Enterprise Products Partners (EPD), NGL Energy Partners (NGL), Golar LNG Partners (GMLP), AGNC Investment (AGNC) and Two Harbors Investment (TWO).

Capital Product Partners trades on the NASDAQ under the ticker symbol "CPLP."

Capital Product Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Donald Smith & CO. Inc. (8.26%), Aristotle Capital Boston LLC (2.31%), Mirae Asset Global Investments Co. Ltd. (0.63%), Morgan Stanley (0.44%), Arrowstreet Capital Limited Partnership (0.23%) and Navellier & Associates Inc. (0.14%).

Shares of CPLP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CPLP stock can currently be purchased for approximately $12.73.

Capital Product Partners (NASDAQ:CPLP) has a market capitalization of $251.33 million and generates $299.07 million in revenue each year. The shipping company earns $125.42 million in net income (profit) each year or $6.19 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Capital Product Partners' mailing address is 3 IASSONOS STREET, PIRAEUS J3, 18537. The official website for the company is www.capitalpplp.com. The shipping company can be reached via phone at 302104584950, via email at cplp@capitallink.com, or via fax at 30 2104284285.