Wall Street analysts expect that W. P. Carey (NYSE:WPC) will report earnings per share of $1.19 for the current quarter, Zacks reports. Two analysts have provided estimates for W. P. Carey’s earnings. The lowest EPS estimate is $1.17 and the highest is $1.21. W. P. Carey posted earnings of $1.25 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The business is expected to issue its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that W. P. Carey will report full year earnings of $4.87 per share for the current year, with EPS estimates ranging from $4.80 to $4.98. For the next year, analysts forecast that the business will report earnings of $5.01 per share, with EPS estimates ranging from $4.93 to $5.13. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow W. P. Carey.
W. P. Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 EPS for the quarter, topping the consensus estimate of $1.12 by $0.06. The company had revenue of $196.96 million during the quarter, compared to analyst estimates of $210.92 million. W. P. Carey had a net margin of 36.17% and a return on equity of 8.05%. The firm’s revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS.
Several brokerages recently commented on WPC. Zacks Investment Research raised shares of W. P. Carey from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, March 20th. Capital One Financial reaffirmed an “equal weight” rating on shares of W. P. Carey in a report on Sunday, February 25th. Finally, ValuEngine lowered shares of W. P. Carey from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $70.00.
NYSE WPC traded down $0.31 on Friday, hitting $61.44. The company had a trading volume of 229,894 shares, compared to its average volume of 376,862. The firm has a market cap of $6,677.83, a PE ratio of 11.57, a PEG ratio of 3.91 and a beta of 0.73. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.34 and a current ratio of 0.34. W. P. Carey has a 12-month low of $59.23 and a 12-month high of $72.41.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were issued a $1.015 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 6.61%. This is a positive change from W. P. Carey’s previous quarterly dividend of $1.01. W. P. Carey’s dividend payout ratio is currently 76.60%.
In related news, Director Christopher Niehaus bought 4,000 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were bought at an average price of $62.28 per share, with a total value of $249,120.00. Following the completion of the transaction, the director now directly 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 available through this hyperlink. Also, Director Peter Farrell bought 2,035 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was bought at an average cost of $61.88 per share, for a total transaction of $125,925.80. Following the transaction, the director now directly owns 4,378 shares of the company’s stock, valued at $270,910.64. The disclosure for this purchase can be found here. Corporate insiders own 1.56% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. acquired a new position in W. P. Carey in the fourth quarter valued at about $120,000. American International Group Inc. acquired a new position in W. P. Carey in the fourth quarter valued at about $152,000. AlphaStar Capital Management LLC acquired a new position in W. P. Carey in the fourth quarter valued at about $200,000. Opus Capital Group LLC acquired a new stake in shares of W. P. Carey during the fourth quarter worth about $201,000. Finally, LVW Advisors LLC acquired a new stake in shares of W. P. Carey during the fourth quarter worth about $201,000. 50.33% of the stock is currently owned by institutional investors.
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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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