|Day Low/High||2.92 / 3.08|
|52 Wk Low/High||1.95 / 7.29|
In recent trading, shares of Diana Shipping Inc have crossed above the average analyst 12-month target price of $2.58, changing hands for $2.69/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Their underlying pricing has improved dramatically in recent months.
Signing and Drawdown of a US$13,510,000 Term Loan Facility With The Export-Import Bank of China
Shipping rates soar, aided by bumper soybean crop in Brazil and Argentina.
Developments Related to the Purchase of m/v Manzoni
Time Charter Contract for m/v Norfolk With SwissMarine
In trading on Friday, shares of Diana Shipping Inc's 8.875% Series B Cumulative Redeemable Perpetual Preferred Shares were yielding above the 18% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $12.22 on the day. This compares to an average yield of 27.23% in the "Shipping" preferred stock category, according to Preferred Stock Channel.
Earlier today, Diana Shipping (DSX) released its fourth quarter 2015 earnings. Profit was below estimates while revenue came in ahead.