W.P. Carey Inc. (WPC) Issues Earnings Results

W.P. Carey Inc. (NYSE:WPC) posted its earnings results on Friday. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21, Briefing.com reports. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The firm had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $212.72 million. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis.

W.P. Carey (NYSE WPC) traded up $1.79 during mid-day trading on Friday, hitting $70.34. The stock had a trading volume of 469,853 shares, compared to its average volume of 259,919. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $7,518.78, a PE ratio of 13.48, a P/E/G ratio of 3.89 and a beta of 0.95. W.P. Carey has a 52 week low of $55.77 and a 52 week high of $70.43.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $1.005 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.02 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend was Friday, September 29th. W.P. Carey’s dividend payout ratio is currently 174.78%.

A number of research analysts have issued reports on the company. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a research note on Friday, September 1st. Zacks Investment Research cut W.P. Carey from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Robert W. Baird assumed coverage on 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. BidaskClub cut W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, ValuEngine raised W.P. Carey from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $70.00.

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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.

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

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