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.
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