Equities analysts expect WP Carey Inc (NYSE:WPC) to report $1.21 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for WP Carey’s earnings. The highest EPS estimate is $1.27 and the lowest is $1.06. WP Carey reported earnings of $1.28 per share in the same quarter last year, which indicates a negative year over year growth rate of 5.5%. The firm is expected to announce its next earnings report before the market opens on Friday, May 3rd.
On average, analysts expect that WP Carey will report full year earnings of $5.09 per share for the current financial year, with EPS estimates ranging from $5.08 to $5.10. For the next year, analysts expect that the company will report earnings of $5.10 per share, with EPS estimates ranging from $5.07 to $5.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover WP Carey.
WP Carey (NYSE:WPC) last posted its earnings results on Friday, February 22nd. The real estate investment trust reported $1.33 EPS for the quarter, beating the consensus estimate of $1.30 by $0.03. The firm had revenue of $273.40 million during the quarter, compared to the consensus estimate of $283.87 million. WP Carey had a return on equity of 9.81% and a net margin of 49.68%. The business’s quarterly revenue was up 39.0% on a year-over-year basis. During the same period last year, the company earned $1.18 earnings per share.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded WP Carey from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. ValuEngine upgraded WP Carey from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Finally, Mitsubishi UFJ Financial Group assumed coverage on WP Carey in a research report on Tuesday, March 26th. They set a “neutral” rating and a $78.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. WP Carey has a consensus rating of “Hold” and an average price target of $72.25.
Institutional investors and hedge funds have recently modified their holdings of the company. Valley National Advisers Inc. acquired a new stake in WP Carey during the fourth quarter worth approximately $25,000. Karp Capital Management Corp acquired a new stake in WP Carey during the fourth quarter worth approximately $26,000. Sage Capital Advisors llc acquired a new stake in WP Carey during the fourth quarter worth approximately $26,000. Proficio Capital Partners LLC grew its stake in WP Carey by 40.5% during the fourth quarter. Proficio Capital Partners LLC now owns 486 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 140 shares during the period. Finally, Strategic Wealth Partners Ltd. grew its stake in WP Carey by 53.3% during the third quarter. Strategic Wealth Partners Ltd. now owns 512 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 178 shares during the period. Institutional investors own 49.93% of the company’s stock.
WP Carey stock traded up $0.19 during trading hours on Thursday, hitting $78.32. The stock had a trading volume of 4,963 shares, compared to its average volume of 686,207. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $13.24 billion, a PE ratio of 14.50, a P/E/G ratio of 3.88 and a beta of 0.61. WP Carey has a one year low of $61.66 and a one year high of $79.75.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a dividend of $1.032 per share. This represents a $4.13 dividend on an annualized basis and a dividend yield of 5.27%. This is an increase from WP Carey’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Thursday, March 28th. WP Carey’s dividend payout ratio (DPR) is 76.62%.
About WP Carey
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.
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