Genco Shipping & Trading Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Genco Shipping & Trading in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Genco Shipping & Trading stock.
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4 Wall Street analysts have issued 12 month price targets for Genco Shipping & Trading's stock. Their GNK stock forecasts range from $26.00 to $31.00. On average, they anticipate Genco Shipping & Trading's stock price to reach $28.25 in the next twelve months. This suggests a possible upside of 43.7% from the stock's current price.
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Genco Shipping & Trading's stock was trading at $16.00 at the beginning of the year. Since then, GNK shares have increased by 22.9% and is now trading at $19.66.
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Genco Shipping & Trading is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
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Genco Shipping & Trading Limited (NYSE:GNK) released its quarterly earnings data on Wednesday, May, 4th. The shipping company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.01. The shipping company earned $97.76 million during the quarter, compared to analyst estimates of $95.11 million. Genco Shipping & Trading had a trailing twelve-month return on equity of 25.50% and a net margin of 37.21%.
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Genco Shipping & Trading announced a quarterly dividend on Wednesday, May 4th. Shareholders of record on Monday, May 16th will be paid a dividend of $0.79 per share on Tuesday, May 24th. This represents a $3.16 dividend on an annualized basis and a yield of 16.07%. The ex-dividend date of this dividend is Friday, May 13th. This is an increase from Genco Shipping & Trading's previous quarterly dividend of $0.67.
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Genco Shipping & Trading(NYSE:GNK) pays an annual dividend of $3.16 per share and currently has a dividend yield of 15.87%. GNK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Genco Shipping & Trading has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Genco Shipping & Trading is 60.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Genco Shipping & Trading will have a dividend payout ratio of 71.66% next year. This indicates that Genco Shipping & Trading will be able to sustain or increase its dividend.
View Genco Shipping & Trading's dividend history.

89 employees have rated Genco Shipping & Trading CEO Nick Mackenzie on Glassdoor.com. Nick Mackenzie has an approval rating of 83% among Genco Shipping & Trading's employees.

Some companies that are related to Genco Shipping & Trading include Atlas (ATCO), Star Bulk Carriers (SBLK), Euronav (EURN), Scorpio Tankers (STNG), Pacific Basin Shipping (PCFBY), Frontline (FRO), Costamare (CMRE), SFL (SFL), Danaos (DAC), DHT (DHT), TORM (TRMD), Navigator (NVGS), Eagle Bulk Shipping (EGLE), Navios Maritime Partners (NMM) and Global Ship Lease (GSL).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Genco Shipping & Trading investors own include Pennsylvania Real Estate Investment Trust (PEI), DHT (DHT), Gran Tierra Energy (GTE), Aeterna Zentaris (AEZS), Golar LNG Partners (GMLP), Hallador Energy (HNRG), Washington Prime Group (WPG), Bionano Genomics (BNGO), Matinas BioPharma (MTNB) and CNBX Pharmaceuticals (CNBX).

Genco Shipping & Trading trades on the New York Stock Exchange (NYSE) under the ticker symbol "GNK."

Genco Shipping & Trading's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (5.51%), Dimensional Fund Advisors LP (4.55%), State Street Corp (3.63%), Loomis Sayles & Co. L P (2.36%), Vanguard Group Inc. (2.11%) and Arrowstreet Capital Limited Partnership (1.64%). Company insiders that own Genco Shipping & Trading stock include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes and Strategic Value Partners, Llc.
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GNK stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, Loomis Sayles & Co. L P, Dynamic Technology Lab Private Ltd, BlackRock Inc., Simplex Trading LLC, BNP Paribas Arbitrage SA, PEAK6 Investments LLC, and Russell Investments Group Ltd.. Company insiders that have sold Genco Shipping & Trading company stock in the last two years include Apollo Management Holdings Gp,, Apostolos Zafolias, Cayman Gp Ltd Ccp II, John C Wobensmith, Joseph Adamo, Robert E Hughes, and Strategic Value Partners, Llc.
View insider buying and selling activity for Genco Shipping & Trading or view top insider-selling stocks.

GNK stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Victory Capital Management Inc., Invesco Ltd., Teacher Retirement System of Texas, Gratus Capital LLC, Dimensional Fund Advisors LP, Goldman Sachs Group Inc., and Renaissance Technologies LLC.
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Shares of GNK 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 GNK stock can currently be purchased for approximately $19.66.

Genco Shipping & Trading (NYSE:GNK) has a market capitalization of $827.73 million and generates $547.13 million in revenue each year. The shipping company earns $182.01 million in net income (profit) each year or $5.19 on an earnings per share basis.

Genco Shipping & Trading employs 1,027 workers across the globe.

Genco Shipping & Trading's mailing address is 299 Park Avenue 12th Floor, NEW YORK NY, 10171. The official website for Genco Shipping & Trading is www.gencoshipping.com. The shipping company can be reached via phone at (646) 443-8550, via email at [email protected], or via fax at 646-443-8551.