W.P. Carey Inc. (WPC) Earns Hold Rating from Ladenburg Thalmann Financial Services

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

Several other research analysts also recently weighed in on WPC. BidaskClub downgraded shares of W.P. Carey from a strong-buy rating to a buy rating in a research note on Thursday, August 10th. ValuEngine raised shares of W.P. Carey from a hold rating to a buy rating in a research note on Monday, October 2nd. Robert W. Baird started coverage on shares of W.P. Carey in a research note on Wednesday, October 18th. They issued an outperform rating and a $77.00 target price for the company. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. W.P. Carey has an average rating of Hold and a consensus target price of $70.00.

W.P. Carey (NYSE WPC) opened at $70.99 on Friday. W.P. Carey has a one year low of $55.97 and a one year high of $71.99. 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. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19.

W.P. Carey (NYSE:WPC) last announced its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, beating 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 previous year, the company posted $1.34 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. equities analysts expect that W.P. Carey will post 4.5 earnings per share for the current fiscal year.

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The business 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. The ex-dividend date was Friday, September 29th. This represents a $4.02 dividend on an annualized basis and a dividend yield of 5.66%. This is an increase from W.P. Carey’s previous quarterly dividend of $1.00. W.P. Carey’s dividend payout ratio is currently 174.78%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ffcm LLC increased its position 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 worth $115,000 after purchasing an additional 1,092 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in W.P. Carey during the 2nd quarter worth approximately $115,000. QCI Asset Management Inc. NY increased its position in W.P. Carey by 148.7% during the 2nd quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 1,078 shares in the last quarter. Schroder Investment Management Group acquired a new stake in W.P. Carey during the 2nd quarter worth approximately $128,000. Finally, D. Scott Neal Inc. increased its position in W.P. Carey by 12.3% during the 2nd quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 271 shares in the last quarter. 48.49% of the stock is owned by hedge funds and other 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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