News articles about W.P. Carey Inc. REIT (NYSE:WPC) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. W.P. Carey Inc. REIT earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.4639236066315 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of W.P. Carey Inc. REIT (WPC) traded up $0.59 during trading on Friday, reaching $61.79. 275,346 shares of the company were exchanged, compared to its average volume of 427,974. The stock has a market cap of $6,605.97, a price-to-earnings ratio of 26.87, a PEG ratio of 3.36 and a beta of 0.81. W.P. Carey Inc. REIT has a 1 year low of $59.23 and a 1 year high of $72.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35.
A number of brokerages recently weighed in on WPC. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, November 10th. Zacks Investment Research lowered shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Evercore ISI lowered shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $70.00.
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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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