W.P. Carey Inc. (NYSE:WPC) is scheduled to be releasing its earnings data before the market opens on Friday, November 3rd. Analysts expect W.P. Carey to post earnings of $0.60 per share for the quarter.
W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.56). The firm had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $221.19 million. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.24 earnings per share. On average, analysts expect W.P. Carey to post $2.23 EPS for the current fiscal year and $2.28 EPS for the next fiscal year.
Shares of W.P. Carey Inc. (NYSE:WPC) opened at 68.15 on Wednesday. W.P. Carey Inc. has a 52 week low of $55.77 and a 52 week high of $70.38. The stock has a 50 day moving average of $68.78 and a 200-day moving average of $66.86. The stock has a market capitalization of $7.28 billion, a PE ratio of 26.24 and a beta of 0.86.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a dividend of $1.005 per share. This represents a $4.02 annualized dividend and a dividend yield of 5.90%. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, September 29th. W.P. Carey’s payout ratio is 155.21%.
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WPC has been the subject of several recent research reports. ValuEngine raised shares of W.P. Carey from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Robert W. Baird initiated coverage on shares of W.P. Carey in a report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 target price for the company. Zacks Investment Research lowered shares of W.P. Carey from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $70.00.
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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