W. P. Carey (NYSE:WPC) has earned an average rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $72.00.
Several equities analysts have weighed in on WPC shares. Zacks Investment Research upgraded W. P. Carey from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, March 20th. Capital One Financial restated an “equal weight” rating on shares of W. P. Carey in a report on Sunday, February 25th. Finally, ValuEngine lowered W. P. Carey from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th.
NYSE WPC opened at $62.67 on Friday. W. P. Carey has a fifty-two week low of $59.23 and a fifty-two week high of $72.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $6,653.23, a price-to-earnings ratio of 11.72, a P/E/G ratio of 3.89 and a beta of 0.73.
W. P. Carey (NYSE:WPC) last posted its earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.06. W. P. Carey had a return on equity of 8.05% and a net margin of 36.17%. The company had revenue of $196.96 million for the quarter, compared to analyst estimates of $210.92 million. During the same period last year, the company earned $1.05 earnings per share. The business’s revenue was down 13.9% compared to the same quarter last year. analysts anticipate that W. P. Carey will post 4.87 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were issued a dividend of $1.015 per share. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.01. This represents a $4.06 annualized dividend and a yield of 6.48%. The ex-dividend date was Wednesday, March 28th. W. P. Carey’s dividend payout ratio (DPR) is 76.60%.
In other W. P. Carey news, Director Christopher Niehaus acquired 4,000 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were acquired at an average cost of $62.28 per share, for a total transaction of $249,120.00. Following the completion of the purchase, the director now owns 5,188 shares of the company’s stock, valued at approximately $323,108.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter Farrell acquired 2,035 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was acquired at an average price of $61.88 per share, for a total transaction of $125,925.80. Following the completion of the purchase, the director now directly owns 4,378 shares of the company’s stock, valued at approximately $270,910.64. The disclosure for this purchase can be found here. Insiders own 1.56% of the company’s stock.
Several institutional investors have recently bought and sold shares of WPC. Goldman Sachs Group Inc. increased its stake in shares of W. P. Carey by 108.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 673,341 shares of the real estate investment trust’s stock worth $46,393,000 after purchasing an additional 350,143 shares during the period. BlackRock Inc. increased its stake in shares of W. P. Carey by 2.4% in the fourth quarter. BlackRock Inc. now owns 7,157,804 shares of the real estate investment trust’s stock worth $493,172,000 after purchasing an additional 164,830 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in shares of W. P. Carey in the fourth quarter worth about $5,627,000. Allianz Asset Management GmbH bought a new position in shares of W. P. Carey in the fourth quarter worth about $4,832,000. Finally, APG Asset Management N.V. bought a new position in shares of W. P. Carey in the fourth quarter worth about $3,867,000. Institutional investors and hedge funds own 50.33% of the company’s stock.
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About W. P. Carey
Celebrating its 45th anniversary, W. P. Carey Inc is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. At December 31, 2017, the Company had an enterprise value of approximately $11.5 billion.
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