Capital Properties (OTCMKTS:CPTP) Issues Earnings Results

Capital Properties (OTCMKTS:CPTP) issued its earnings results on Monday. The company reported $0.10 EPS for the quarter, Zacks reports. The business had revenue of $1.46 million during the quarter.

Capital Properties Trading Down 1.2%

CPTP stock opened at $11.45 on Wednesday. The firm’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $10.81. Capital Properties has a 12-month low of $8.89 and a 12-month high of $11.80. The stock has a market capitalization of $75.54 million, a price-to-earnings ratio of 57.23 and a beta of 0.17.

Capital Properties Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 22nd. Shareholders of record on Monday, August 18th were given a $0.07 dividend. The ex-dividend date was Friday, August 15th. This represents a dividend yield of 250.0%. Capital Properties’s payout ratio is presently 140.00%.

About Capital Properties

Capital Properties, Inc, together with its subsidiaries, engages in leasing land in downtown Providence, Rhode Island under long-term ground leases. It owns approximately 18 acres in the Capital Center consisting of 13 individual parcels; leases the undeveloped parcels of land adjacent to the Capital Center for public parking purposes; and leases 23 outdoor advertising locations containing 44 billboard faces along interstate and primary highways in Rhode Island and Massachusetts.