W.P. Carey Inc. (WPC) Set to Announce Earnings on Friday

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.

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

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