GasLog Partners LP Unit (GLOP) Hits New 1-Year Low at $21.65

Shares of GasLog Partners LP Unit (NYSE:GLOP) hit a new 52-week low during trading on Thursday . The stock traded as low as $21.65 and last traded at $22.17, with a volume of 2425 shares. The stock had previously closed at $22.22.

GLOP has been the topic of several research analyst reports. ValuEngine upgraded shares of GasLog Partners LP Unit from a “hold” rating to a “buy” rating in a report on Monday, October 22nd. B. Riley initiated coverage on shares of GasLog Partners LP Unit in a report on Wednesday, September 5th. They set a “neutral” rating and a $27.00 target price on the stock. Zacks Investment Research downgraded shares of GasLog Partners LP Unit from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Morgan Stanley dropped their target price on shares of GasLog Partners LP Unit from $27.00 to $26.50 and set a “buy” rating on the stock in a report on Monday, November 19th. Finally, Deutsche Bank initiated coverage on shares of GasLog Partners LP Unit in a report on Wednesday, October 10th. They set a “hold” rating and a $25.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. GasLog Partners LP Unit currently has a consensus rating of “Buy” and an average target price of $27.44.

The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.29 and a current ratio of 1.31. The firm has a market cap of $919.68 million, a PE ratio of 10.76 and a beta of 1.14.

GasLog Partners LP Unit (NYSE:GLOP) last posted its quarterly earnings data on Thursday, October 25th. The shipping company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. GasLog Partners LP Unit had a net margin of 33.57% and a return on equity of 13.09%. The company had revenue of $81.89 million for the quarter, compared to the consensus estimate of $81.68 million. On average, equities research analysts expect that GasLog Partners LP Unit will post 1.74 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Monday, November 5th were issued a $0.53 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 9.43%. GasLog Partners LP Unit’s dividend payout ratio (DPR) is presently 101.44%.

Several hedge funds and other institutional investors have recently bought and sold shares of GLOP. Barnett & Company Inc. raised its holdings in shares of GasLog Partners LP Unit by 109.8% in the third quarter. Barnett & Company Inc. now owns 4,720 shares of the shipping company’s stock valued at $118,000 after purchasing an additional 2,470 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of GasLog Partners LP Unit in the third quarter valued at approximately $206,000. Captrust Financial Advisors acquired a new stake in shares of GasLog Partners LP Unit in the second quarter valued at approximately $213,000. California Public Employees Retirement System acquired a new stake in shares of GasLog Partners LP Unit in the second quarter valued at approximately $322,000. Finally, Castle Rock Wealth Management LLC raised its holdings in shares of GasLog Partners LP Unit by 27.2% in the second quarter. Castle Rock Wealth Management LLC now owns 21,400 shares of the shipping company’s stock valued at $510,000 after purchasing an additional 4,574 shares during the last quarter. Institutional investors own 45.62% of the company’s stock.

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GasLog Partners LP Unit Company Profile (NYSE:GLOP)

GasLog Partners LP owns, operates, and acquires liquefied natural gas (LNG) carriers under multi-year charters. As of February 8, 2018, it had a fleet of 12 LNG carriers. The company was founded in 2014 and is based in Monaco.

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