Equities research analysts expect W.P. Carey Inc. REIT (NYSE:WPC) to post sales of $188.07 million for the current quarter, Zacks reports. Two analysts have made estimates for W.P. Carey Inc. REIT’s earnings, with the highest sales estimate coming in at $205.17 million and the lowest estimate coming in at $170.98 million. W.P. Carey Inc. REIT posted sales of $228.78 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that W.P. Carey Inc. REIT will report full-year sales of $188.07 million for the current financial year, with estimates ranging from $670.18 million to $878.00 million. For the next fiscal year, analysts forecast that the company will report sales of $806.11 million per share, with estimates ranging from $706.05 million to $902.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow W.P. Carey Inc. REIT.
W.P. Carey Inc. REIT (NYSE:WPC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.21. W.P. Carey Inc. REIT had a return on equity of 7.25% and a net margin of 31.28%. The firm had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $212.72 million. During the same period in the prior year, the business posted $1.34 earnings per share. The business’s revenue was down 6.7% compared to the same quarter last year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Ffcm LLC lifted its stake in W.P. Carey Inc. REIT by 179.3% in the second quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,092 shares during the period. Bruderman Asset Management LLC acquired a new position in W.P. Carey Inc. REIT in the second quarter valued at about $115,000. QCI Asset Management Inc. NY lifted its stake in W.P. Carey Inc. REIT by 148.7% in the second quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,078 shares during the period. Schroder Investment Management Group acquired a new position in W.P. Carey Inc. REIT in the second quarter valued at about $128,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new position in W.P. Carey Inc. REIT in the second quarter valued at about $172,000. 48.74% of the stock is currently owned by institutional investors and hedge funds.
Shares of W.P. Carey Inc. REIT (WPC) traded down $0.08 during mid-day trading on Wednesday, hitting $69.30. The stock had a trading volume of 32,217 shares, compared to its average volume of 311,506. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $7,584.16, a PE ratio of 13.59, a PEG ratio of 3.95 and a beta of 0.94. W.P. Carey Inc. REIT has a 12 month low of $57.58 and a 12 month high of $72.41.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. W.P. Carey Inc. REIT’s dividend payout ratio is 174.78%.
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W.P. Carey Inc. REIT 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.
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