Ladenburg Thalmann Financial Services Reaffirms “Hold” Rating for W.P. Carey Inc. (WPC)

Ladenburg Thalmann Financial Services reaffirmed their hold rating on shares of W.P. Carey Inc. (NYSE:WPC) in a research note released on Friday morning.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of W.P. Carey from a hold rating to a sell rating in a research report on Friday, October 27th. Robert W. Baird started coverage on shares of W.P. Carey in a research note on Wednesday, October 18th. They set an outperform rating and a $77.00 price objective for the company. BidaskClub cut shares of W.P. Carey from a strong-buy rating to a buy rating in a research note on Thursday, August 10th. Finally, ValuEngine raised shares of W.P. Carey from a hold rating to a buy rating in a research note on Monday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $70.00.

W.P. Carey (WPC) opened at $71.69 on Friday. W.P. Carey has a 1 year low of $55.97 and a 1 year high of $71.99. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $7,589.50, a PE ratio of 13.60, a P/E/G ratio of 3.94 and a beta of 0.95.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.21. W.P. Carey had a net margin of 31.28% and a return on equity of 7.25%. The firm had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. During the same quarter in the prior year, the firm earned $1.34 EPS. The company’s revenue for the quarter was down 6.7% on a year-over-year basis. analysts forecast that W.P. Carey will post 4.5 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a dividend of $1.005 per share. This represents a $4.02 annualized dividend and a yield of 5.61%. The ex-dividend date was Friday, September 29th. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. W.P. Carey’s dividend payout ratio is currently 174.78%.

A number of hedge funds and other institutional investors have recently made changes to their positions in WPC. Ffcm LLC grew its stake in W.P. Carey by 179.3% during the 2nd quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 1,092 shares in the last quarter. Bruderman Asset Management LLC purchased a new stake in shares of W.P. Carey in the 2nd quarter valued at approximately $115,000. QCI Asset Management Inc. NY grew its stake in shares of W.P. Carey by 148.7% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,078 shares during the period. Schroder Investment Management Group purchased a new stake in shares of W.P. Carey in the 2nd quarter valued at approximately $128,000. Finally, D. Scott Neal Inc. grew its stake in shares of W.P. Carey by 12.3% in the 2nd quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 271 shares during the period. 48.49% of the stock is owned by institutional investors.

W.P. Carey Company Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Analyst Recommendations for W.P. Carey (NYSE:WPC)

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