Westshore Terminals Investment Corp (TSE:WTE) insider James A. Pattison bought 121,200 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of C$25.00 per share, for a total transaction of C$3,030,000.00.
Shares of Westshore Terminals Investment Corp (TSE WTE) opened at C$25.06 on Friday. Westshore Terminals Investment Corp has a one year low of C$19.07 and a one year high of C$29.05.
The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date was Thursday, September 28th. Westshore Terminals Investment Corp’s payout ratio is 40.25%.
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A number of equities research analysts have commented on WTE shares. CIBC raised their target price on shares of Westshore Terminals Investment Corp from C$25.00 to C$26.00 in a research note on Tuesday, November 7th. TD Securities raised their target price on shares of Westshore Terminals Investment Corp from C$27.00 to C$31.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Royal Bank of Canada decreased their target price on shares of Westshore Terminals Investment Corp from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Finally, Scotiabank raised their target price on shares of Westshore Terminals Investment Corp from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd.
About Westshore Terminals Investment Corp
Westshore Terminals Investment Corporation, through its limited partner interests in Westshore Terminals Limited Partnership, operates a coal storage and loading terminal at Roberts Bank, British Columbia in Canada. It has contracts to ship coal from five mines in British Columbia and one mine in Alberta, as well as from three mines in the north-western United States.
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