W.P. Carey Inc. (WPC) Expected to Announce Earnings of $1.13 Per Share

Equities research analysts expect W.P. Carey Inc. (NYSE:WPC) to report $1.13 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for W.P. Carey’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.17. W.P. Carey posted earnings of $0.44 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 156.8%. The firm is scheduled to report its next earnings report on Thursday, February 22nd.

On average, analysts expect that W.P. Carey will report full-year earnings of $4.50 per share for the current financial year, with EPS estimates ranging from $4.49 to $4.52. For the next year, analysts expect that the business will report earnings of $4.65 per share, with EPS estimates ranging from $4.62 to $4.67. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for W.P. Carey.

W.P. Carey (NYSE:WPC) last posted 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. The business had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. W.P. Carey had a net margin of 31.28% and a return on equity of 7.25%. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share.

Several equities analysts have recently commented on WPC shares. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of W.P. Carey from a “hold” rating to a “sell” rating in a research note 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. ValuEngine raised shares of W.P. Carey from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $70.00.

W.P. Carey (NYSE WPC) traded down $0.09 during trading on Friday, reaching $71.60. 128,383 shares of the company’s stock traded hands, compared to its average volume of 315,430. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $7,589.50, a P/E ratio of 13.60, a PEG ratio of 3.94 and a beta of 0.95. W.P. Carey has a 1-year low of $55.97 and a 1-year high of $71.99.

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

Several large investors have recently modified their holdings of WPC. Bank of New York Mellon Corp increased its position in shares of W.P. Carey by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 755,971 shares of the real estate investment trust’s stock valued at $49,902,000 after buying an additional 22,204 shares during the period. Kempen Capital Management N.V. increased its position in shares of W.P. Carey by 33.7% during the second quarter. Kempen Capital Management N.V. now owns 41,668 shares of the real estate investment trust’s stock valued at $2,751,000 after buying an additional 10,514 shares during the period. Pring Turner Capital Group Inc. increased its position in shares of W.P. Carey by 7.7% during the second quarter. Pring Turner Capital Group Inc. now owns 36,355 shares of the real estate investment trust’s stock valued at $2,400,000 after buying an additional 2,585 shares during the period. First Trust Advisors LP increased its position in shares of W.P. Carey by 14.7% during the second quarter. First Trust Advisors LP now owns 78,294 shares of the real estate investment trust’s stock valued at $5,168,000 after buying an additional 10,030 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of W.P. Carey by 12.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 70,918 shares of the real estate investment trust’s stock valued at $4,681,000 after buying an additional 8,036 shares during the period. 48.49% of the stock is owned by hedge funds and other institutional investors.

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About W.P. Carey

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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Earnings History and Estimates for W.P. Carey (NYSE:WPC)

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