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.
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.
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