CPLP - Capital Product Partners L.P.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
13.24
-0.07 (-0.53%)
At close: 4:00PM EST
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Previous Close13.31
Open13.31
Bid13.21 x 1300
Ask13.31 x 2200
Day's Range13.15 - 13.40
52 Week Range9.68 - 17.36
Volume160,029
Avg. Volume103,770
Market Cap240.678M
Beta (5Y Monthly)1.17
PE Ratio (TTM)N/A
EPS (TTM)-6.99
Earnings DateJan 28, 2020 - Feb 02, 2020
Forward Dividend & Yield1.40 (10.52%)
Ex-Dividend DateJan 30, 2020
1y Target Est14.67
  • 3 Top Dividend Stocks with Over 7% Dividend Yield
    TipRanks

    3 Top Dividend Stocks with Over 7% Dividend Yield

    Last year was volatile for the stock markets, but overall growth was strong. Stocks have hit record highs – the S&P 500 gained 28% for 2019, and has started 2020 with continued growth. The broad-based gains have investors feeling good – but a look ahead has them nervous.Wall Street’s analysts don’t see the record-breaking growth run lasting much longer. In fact, the consensus among the top financial investment firms is that markets will gain a paltry 2% over the next twelve months. For investors who have grown used to reaping rewards from share appreciation, this is an unwelcome wake-up call. It also calls for a switch in strategy.Dividends are the logical way to turn. These profit-sharing payments give investors a steady income stream – even when market gains are sluggish. As an added appeal, there is no upper limit to a dividend’s yield. After three Fed rate cuts in 2019, Treasury bonds are down to the 1.5% to 1.75% range – while the average dividend yield among S&P-listed companies is just about 2%. And there are plenty of stocks with higher yields.Finding the right investment is key here. Just a high dividend yield won’t always cut it – investors should still seek a stock that will outperform. TipRanks, with its library of market and analyst performance data, has the perfect research tool to find just the right investment. The Smart Score brings together data from eight different sources and gives every stock in the database a single-digit score, on a scale of 1 to 10, to let you know at a glance how that stock is likely to move in the year ahead. The higher the number, the stronger the likelihood of outperformance.We’ve used TipRanks’ search tools to pull three stocks for the year ahead. These are investments that are likely to outperform – and are already paying out high dividend yields. The details tell some interesting stories; let’s dive in, and take in the details.Capital Product Partners (CPLP)Capital Product Partners is shipping company, specializing in seaborne transport of cargo – mainly of containerized goods. The shipping container – those giant metal boxes used that have standardized ocean-going freight, rail transport, and trucking – has revolutionized freight cartage, and CPLC operates a fleet of 10 container ships. The company also operates one dry bulk carrier.CPLP’s operations have been profitable, and in 2019 the company streamlined its operations by divesting its tanker fleet. The move, done in partnership with DSS Holdings, gives CPLP part ownership of the tankers without the direct costs of operations. On most of its container and bulk carriers, CPLP has operating agreements in place until 2022 and 2023, putting the company in a firm position to maintain both its carriage and its income stream. In Q4, the company announced an upcoming expansion of the fleet, with the purchase of three new container ships.However, the recent Q3 results were mixed. Removal of two vessels from the fleet forced a 17% decline in revenue from Q3 2018, with the quarterly total coming in at $26.87 million. EPS was well below expectations, at just 18 cents, but was much improved year-over-year from a $1.33 per share loss.Investors were not scared off by the quarterly report. Shares have registered gains since the earnings release, and the company has maintained its high dividend payment. The yield is 10.5%, more than 5x the market average. The absolute payment is modest, at 35 cents quarterly, but it annualizes to $1.40 per share – a reliable income for investors.Writing on CPLP, B. Riley analyst Liam Burke points out the fleet expansion as reason for optimism on this stock. Burke notes, “The announced acquisition of the container assets provides a nice complement to the MLP's existing container vessels and Capesize vessels which are operating under medium- and long-term contracts, creating predictable underlying cash flows and stable distribution.”Burke reiterated his firms Buy rating on CPLP shares and set a $14 price target, indicating a ~5% upside potential. (To watch Burke’s track record, click here)CPLP’s most recent analyst reviews are all Buys, giving the stock a unanimous Strong Buy consensus rating. Shares sell for a bargain price, $13.31, and the $14.67 average price target suggests room for an upside of 10%.CPLP holds a Smart Score of 8, indicating that outperformance likely lies ahead for the stock. Aside from a bullish analyst outlook, technical indicators show a positive trend in the moving averages along with a 73% positive momentum change over the past 12 months. (See CPLP stock analysis at TipRanks)Broadmark Realty Capital (BRMK)Next up on our list is a Real Estate Investment Trust (REIT) with a ‘perfect 10’ Smart Score. The REIT niche is popular with dividend investors. Due to tax laws, these firms are required to return a high percentage of their profits back to shareholders, and usually choose dividends as the vehicle. It makes these stocks a reliable income generator for investors.Broadmark occupies the mortgage segment of the REIT sector, holding and investing in mortgages and mortgage-backed securities in the construction and development areas of the real estate industry. The company is new to the markets, as it was formed this past November through a merger between Trinity Merger Corporation and Broadmark real estate lending. The new company, ticketed as BRMK, started trading publicly on November 15. Since then, BRMK stock has gained almost 17% in share value.While investors will like the appreciation generated so far, the company’s dividend is also top-notch. The company announced its first regular dividend in December, at 12 cents per share, and paid it out on January 15. And even better: Broadmark announced earlier this month a second dividend payment, of 8 cents per share, making its payout monthly rather than quarterly. At the current payout, the yield is a high 7.57%. Being a new stock, Broadmark has not had a chance to develop a long history of dividend payments – but it has made an excellent start. Income-minded investors should take note of this stock.5-star analyst Tim Hayes, another financial expert from B. Riley FBR, is bullish on the future of Broadmark. He notes important developments in the US housing market and construction industries, writing, “The NAHB released its Housing Market Index (HMI), which exceeded economists' estimates and indicated that homebuilder sentiment is strongest in the West and South, regions that encompass BRMK's core markets… U.S. Housing Starts came in much stronger than economists' expectations... We believe both sets of data support the demand for construction debt capital, which should bolster BRMK's pipeline and pace of capital deployment…”Hayes set a $13 price target on BRMK, suggesting a modest 2.5% upside potential alongside his Buy rating. (To watch Hayes’ track record, click here.)So far, Broadmark has received two analyst reviews, and both are Buys. The stock’s fast share appreciation has pushed the price above the average target. That said, the Smart Score of 10 bodes quite well for Broadmark. The analyst ratings and technical factors are all positive, and market watchers should also take close note of the investor sentiment. This measures the stance of individual investors toward the stock – and it is highly positive. (See Broadmark stock analysis at TipRanks)Enviva Partners LP (EVA)The final stock on our list, Enviva, is a manufacturer of processed biomass fuel – wood pellets that are sold to industrial customers and used for power generation. They are a cleaner-burning alternative to coal as a fuel, with the added bonus of recycling a common waste product. The pellets can be manufactured from sawdust, woodchips, and other common debris from any wood-working industry.The company’s production plants are located mainly in the Southeastern US, and manufacture over 3 million tons of wood pellets every year. The pellets are mainly exported, to customers in the UK and mainland Europe, and contribute to an overall 80% reduction in powerplant carbon footprints. A mark of Enviva’s success is its share appreciation: the stock grew 43% in 2019.Q3 2019, the company’s most recent reported, showed strong revenue. At $157.4 million, it was up over 9% year-over-year. Total product sold, at 811,000 metric tons, was up 6.4% from the year-ago quarter. At the same time, net income slipped to $8.9 million. And for income investors, EVA declared its Q3 dividend at 67 cents. That annualized to $2.68 per year, for a yield of 7.13%. As discussed above, this puts the yield well over triple the S&P 500 average, and over four times the yield of Treasury bonds. Even better, EVA has been steadily raising its dividend since 2017.Elvira Scotto, 5-star analyst with RBC Capital, reiterated her Buy rating on the stock after the earnings report. She wrote, “EVA's tightened 2019 guidance range implies slightly lower 2019 EBITDA vs previous guidance. However, we believe the slight reduction represents a slight shift in timing of shipments. We believe EVA and its sponsors' contract backlog provides significant visibility into long-term cash flow growth.”Scotto’s price target, $39, suggests a modest upside of 4% from current levels. (To watch Scotto’s track record, click here)This stock’s fast appreciation has limited its room for growth – but the strong dividend promises continued income for investors. It also doesn't hurt that EVA has a high Smart Score. The ‘8’ rating indicates likely outperformance is in store for the stock. Technical factors weigh strongly on the outlook, as they are highly positive. Analyst ratings, blogger opinion, and hedge fund interest also give the stock a boost. (See Enviva stock analysis at TipRanks)

  • GlobeNewswire

    Capital Product Partners L.P. Schedules Fourth Quarter 2019 Earnings Release, Conference Call and Webcast

    ATHENS, Greece, Jan. 24, 2020 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on February 5, 2020, CPLP will release.

  • GlobeNewswire

    Capital Product Partners L.P. Announces Increased Cash Distribution

    ATHENS, Greece, Jan. 21, 2020 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.35 per common.

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  • Are Investors Undervaluing Capital Product Partners L.P. (CPLP) Right Now?
    Zacks

    Are Investors Undervaluing Capital Product Partners L.P. (CPLP) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Here is What Hedge Funds Think About Capital Product Partners L.P. (CPLP)
    Insider Monkey

    Here is What Hedge Funds Think About Capital Product Partners L.P. (CPLP)

    The first quarter was a breeze as Powell pivoted, and China seemed eager to reach a deal with Trump. Both the S&P 500 and Russell 2000 delivered very strong gains as a result, with the Russell 2000, which is composed of smaller companies, outperforming the large-cap stocks slightly during the first quarter. Unfortunately sentiment shifted […]

  • GlobeNewswire

    Capital Product Partners L.P. Announces the Acquisition of Three 10,000 TEU Container Vessels and Partial Refinancing of its 2017 Credit Facility

    Capital Product Partners L.P. (the “Partnership”) (CPLP) today announced that it agreed to acquire three 10,000 TEU sister container vessels, namely the M/V Athos, the M/V Aristomenis and the M/V Athenian built in 2011 at Samsung Heavy Industries S. Korea, for a total consideration of $162.6 million from Capital Maritime & Trading Corp. The vessels are under long-term time charters with Hapag-Lloyd which will expire in April 2024. The Partnership intends to fund the acquisition of the three vessels with approximately $47.1 million cash at hand and two financing arrangements: the M/V Aristomenis and M/V Athos will be financed through a sale and lease back transaction, entered into with CMB Financial Leasing Co., Ltd, (“CMBFL”) for an amount of up to $38.5 million each (The “CMBFL facility”), while the M/V Athenian will be financed through a term loan entered into with Hamburg Commercial Bank A.G. for an amount of up to $38.5 million (the “HCOB facility”).

  • 3 Buy-Rated Dividend Stocks with over 10% Dividend Yield
    TipRanks

    3 Buy-Rated Dividend Stocks with over 10% Dividend Yield

    As the year winds down, it’s a good time to asses our portfolio for 2020. The US economy is still in a boom time, but there are some clouds on the international horizon. The Chinese and European economies are showing signs of slowing down, and there is some concern that a general global slowdown could metastasize to the US.Dividend stocks offer a sound income-based option for investors who don’t want to exit the market but also want a shield to protect their income stream. Using the TipRanks Stock Screener tool, we’ve looked for stocks showing a ‘Very High’ dividend yield status – specifically, over 5%, a high enough yield to attract the interest of income-minded investors. To refine our search of the database, we also filtered our search to show only Buy-rated stocks with upside potential of 10% or higher.From a database of more than 6,400 publicly traded stocks, the Screener found 185 that fit our search criteria – a much more manageable number, with plenty of interesting stocks to choose from. We’ve selected three, from a variety of business sectors, that offer solid combinations of high yield and room for growth. Let’s give them a closer look.Capital Product Partners (CPLP)Sometimes, the most genius ideas slip right by us, almost without notice. The guy who invented the now ubiquitous metal shipping container gave us one of those ideas. The container, with a few standardized sizes, makes loading and offloading easier and faster, and allows for larger cargo ships loaded to higher capacities. In short, the container revolutionized the shipping industry.Capital Product Partners is one of the companies that has benefitted from the shipping container. The company engages in the seaborne transport of cargo – both containerized goods and dry bulk cargos. These are carried in a fleet of eleven ships – ten container carriers, and one dry bulk carrier. Capital has operating agreements on a majority of these vessels until 2022 and 2023. The company streamlined operations earlier this year by divesting its tanker fleet in an agreement with DSS Holdings. CPLP retains part ownership of the tankers, but no longer bears the cost of their operation.In Q3, CPLP reported net income of $3.4 million. This translated to an EPS of 18 cents, a modest sum but a huge improvement from the year-ago number, which was a loss of $1.33 per share. Total revenue for the quarter came to $26.4, 17% down from Q3 2018. The company attributed the decline in revenue to the removal of two vessels from the carrier fleet.The drop in revenue did not scare off investors. CPLP has shown a small gain since the quarterly report, as investors are attracted by the company’s profitable assets and strong dividend. The only dark spot is the EPS, which is not high enough to sustain the 32-cent per quarter dividend payment long-term. The company has been maintaining that payment over the past year, however, showing a commitment to sharing income with investors. The annualized yield is impressive, at 10.7%.Liam Burke, writing on CPLP for B. Riley FBR, sees a clear path forward for the shipping company. He writes, of the industry’s future prospects, “The underlying environment for container and dry bulker vessels remains stable with the reduction in excess capacity in both fleets, which should also translate to healthy long-term charter rates. The underlying demand for commodities continues to grow steadily, while existing bulker capacity remains relatively tight.”In line with this, Burke puts a Buy rating on CPLP shares with a price target of $14, implying a robust 19% upside potential. (To watch Burke’s track record, click here.)CPLP shares have a Strong Buy from the analyst consensus, with 3 reviewers assigning Buy ratings in the last month. Shares are priced at a discount, trading for $11.71, and the $14.67 average price target suggests a clear upside of 25%. (See CPLP stock analysis on TipRanks) Amplify Energy (AMPY)Second up is an oil and natural gas drilling company. The energy sector in the US has been booming since 2008, when fracking methods began spreading through the industry, making accessible previously unrecoverable oil reserves. Amplify describes itself as an “upstream” company, meaning it deals mainly in directly acquiring properties and extracting the oil and gas resources from them. The company operates mainly in Texas and Louisiana, with additional operations in Wyoming and off the California coast.On its various properties, Amplify operates over 1,400 active wells, with another 1,000 wells in development or inactive status. The company has more than 900 Bcfe (billion cubic feet equivalent – an industry term equating energy resources to the standard measure for extractable natural gas) in proven reserves. In August of this year, Amplify’s shareholders approved a merger-of-equals agreement with Midstate Petroleum. The combined company uses the Amplify name, and is headquartered in Houston, Texas.Amplify started paying out a quarterly dividend in Q3 of this year. The amount is modest, at 20 cents, but it is a good start. The company’s share price is low enough that this initial dividend payment gives a yield of 14.2%. Compare this to the S&P average yield of just 2%, and the attraction is obvious.Two Wall Street analysts have been impressed enough with Amplify to initiate coverage of AMPY with Buy ratings. Jeff Grampp, of Northland Securities, wrote, “We think AMPY is a differentiated E&P as it is currently generating significant FCF, which funds a meaningful quarterly dividend of $0.20/ Share. Its diversified, low-decline asset base is supportive of this business model and we believe the company can find accretive acquisitions, as it demonstrated by merging with peer, Midstates Petroleum in August 2019.” Grampp’s $10 price target implies an eye-opening 70% upside to AMPY shares. (To watch Grampp’s track record, click here)Also bullish is Roth Capital analyst John White. White also sees AMPY’s free cash flow, based on quality properties, as the main driver for investor interest: “AMPY, in our opinion, presents a compelling investment case due to several major factors, among which are: 1) a unique financial strategy in the U.S. E&P sector devoted to a strong return of capital program involving dividends and stock buybacks, and 2) a set of oil and gas properties that are well suited to support this program.” White backs up his Buy rating with a $10.50 price target, indicating his confidence in an 86% upside. (To watch White’s track record, click here)AMPY stock started garnering analyst interest after the Midland acquisition and initiation of the dividend – two moves that showed the company is following a solid plan. Both reviews, cited above, agree that AMPY is a buying proposition. The stock’s average price target, $10.25, suggests a powerful upside potential of 82%. (See Amplify Energy stock-price forecast on TipRanks)Broadmark Realty Capital (BRMK)Dividend investors will always be drawn to real estate investment trusts (REITs), as these companies are structured by law to return capital to shareholders. It is not uncommon to find REITs with dividend payout ratios (the comparison of the dividend to the EPS) approaching 85% or even higher. This would be unsustainable in most companies, but the tax code requires it in this segment, and the nature of REITs implies a steady cash flow to support the dividend.REITs buy up and manage properties for commercial and residential purposes. Broadmark, a typical company in the mortgage sector of the business, specializes in the renovation of and subsequent development of acquired properties, and holds a diversified portfolio based on secured loans for real estate investors and developers. The company was formed in November as a result of the merger between Trinity Merger Corporation and Broadmark real estate lending. The new company started trading publicly on November 15.As mentioned above, the tax code requires REITs to pay back a large proportion of income to investors as dividends. In compliance with this, Broadmark last week declared its first dividend, which will pay out on January 15, 2020 to all shareholders of record as of December 31, 2019. The dividend, at 12 cents per share, will be the company’s first under the BRMK ticker.Initiating coverage of BRMK shares in November, when the stock began trading, B. Riley analyst Timothy Hayes took a bullish position. He reiterated his Buy rating last week, in his second note of the stock, writing, “[W]e believe the dividend is currently set at a level that does not reflect the true earnings power of the platform pro forma for deployment of capital acquired through the Trinity merger and for private AUM growth. As such, we expect the dividend should steadily increase over the course of FY20 as earnings power increases, resulting in a much more attractive dividend yield than the current annualized dividend implies.”Backing up his Buy rating, Hayes gives BRMK a $13 price target, implying room for 9.5% share appreciation in the next 12 months. (To watch Hayes’s track record, click here)Being a new ticker in the stock market, BRMK has not had time to attract a lot of Wall Street love – but in its first four weeks of trading it has received two Buy ratings. At $12.50, the average price target indicates an upside potential of 5.3% from the $11.87 current trading price. (See Broadmark stock analysis on TipRanks)

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  • GlobeNewswire

    Capital Product Partners L.P. Announces Third Quarter 2019 Financial Results

    ATHENS, Greece, Oct. 31, 2019 -- Capital Product Partners L.P. (the “Partnership,” “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today.

  • GlobeNewswire

    Capital Product Partners L.P. Schedules Third Quarter 2019 Earnings Release, Conference Call and Webcast

    ATHENS, Greece, Oct. 24, 2019 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on October 31, 2019, CPLP will release.

  • GlobeNewswire

    Capital Product Partners L.P. Announces Cash Distribution

    ATHENS, GREECE, Oct. 22, 2019 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that its board of directors has declared a cash distribution of $0.315 per common.

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    Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners

    ATHENS, Greece, Oct. 11, 2019 -- Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) today announced that it held its annual meeting of Limited Partners in Athens,.

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  • Is Capital Product Partners L.P. (CPLP) a Great Value Stock Right Now?
    Zacks

    Is Capital Product Partners L.P. (CPLP) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • GlobeNewswire

    Capital Product Partners L.P. Announces Commencement of Long Term Charter

    ATHENS, Greece, Sept. 25, 2019 -- Capital Product Partners L.P. (NASDAQ: CPLP) (the 'Partnership'), an international owner of ocean-going vessels, announced today that its.

  • GlobeNewswire

    Capital Product Partners L.P. Announces Annual Meeting of Limited Partners

    ATHENS, Greece, Aug. 30, 2019 -- The Board of Directors of Capital Product Partners L.P. (NASDAQ: CPLP) (the “Partnership”) has called an annual meeting of the Limited Partners.

  • Capital Product Partners LP (CPLP) Q2 2019 Earnings Call Transcript
    Motley Fool

    Capital Product Partners LP (CPLP) Q2 2019 Earnings Call Transcript

    CPLP earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    Capital Product Partners L.p. Announces Second Quarter 2019 Financial Results

    ATHENS, Greece, July 31, 2019 -- Capital Product Partners L.P. (the “Partnership,” “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today.

  • GlobeNewswire

    Capital Product Partners L.P. Schedules Second Quarter 2019 Earnings Release, Conference Call and Webcast

    ATHENS, Greece, July 24, 2019 -- Capital Product Partners L.P. (NASDAQ: CPLP) today announced that before the NASDAQ market opens on Wednesday, July 31, 2019, CPLP will release.