WP Carey (NYSE:WPC) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, February 22nd. Analysts expect the company to announce earnings of $1.30 per share for the quarter.
Shares of WPC stock opened at $74.18 on Thursday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 1.21. WP Carey has a 12-month low of $59.40 and a 12-month high of $75.75. The company has a market cap of $12.02 billion, a PE ratio of 14.00 and a beta of 0.64.
WPC has been the subject of several research analyst reports. ValuEngine lowered shares of WP Carey from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Zacks Investment Research lowered shares of WP Carey from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Finally, JPMorgan Chase & Co. initiated coverage on shares of WP Carey in a research note on Wednesday, December 19th. They set a “neutral” rating and a $73.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. WP Carey has a consensus rating of “Hold” and an average target price of $70.81.
About WP Carey
Celebrating its 45th anniversary, W. P. Carey ranks among the largest diversified net lease REITs with an enterprise value of approximately $17 billion and a portfolio of operationally-critical commercial real estate that includes 1,186 net lease properties covering approximately 133 million square feet.
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