Analysts expect W. P. Carey (NYSE:WPC) to post sales of $187.48 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for W. P. Carey’s earnings. The lowest sales estimate is $173.48 million and the highest is $201.49 million. W. P. Carey reported sales of $219.06 million during the same quarter last year, which would suggest a negative year over year growth rate of 14.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that W. P. Carey will report full year sales of $795.44 million for the current year, with estimates ranging from $706.05 million to $870.00 million. For the next financial year, analysts forecast that the firm will report sales of $834.79 million per share, with estimates ranging from $747.73 million to $942.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover W. P. Carey.
W. P. Carey (NYSE:WPC) last posted its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $196.96 million during the quarter, compared to analysts’ expectations of $210.92 million. W. P. Carey had a return on equity of 8.05% and a net margin of 36.17%. W. P. Carey’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share.
In related news, Director Christopher Niehaus bought 4,000 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was bought at an average cost of $62.28 per share, for a total transaction of $249,120.00. Following the purchase, the director now directly owns 5,188 shares of the company’s stock, valued at $323,108.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Farrell bought 2,035 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average price of $61.88 per share, with a total value of $125,925.80. Following the completion of the purchase, the director now directly owns 4,378 shares in the company, valued at $270,910.64. The disclosure for this purchase can be found here. 1.56% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in W. P. Carey by 2.4% in the fourth quarter. BlackRock Inc. now owns 7,157,804 shares of the real estate investment trust’s stock worth $493,172,000 after acquiring an additional 164,830 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in W. P. Carey by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,438,563 shares of the real estate investment trust’s stock worth $96,948,000 after acquiring an additional 43,259 shares in the last quarter. Geode Capital Management LLC lifted its position in W. P. Carey by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 922,356 shares of the real estate investment trust’s stock worth $63,550,000 after acquiring an additional 29,427 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in W. P. Carey by 108.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 673,341 shares of the real estate investment trust’s stock worth $46,393,000 after purchasing an additional 350,143 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in W. P. Carey by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 495,065 shares of the real estate investment trust’s stock worth $34,110,000 after purchasing an additional 22,163 shares during the last quarter. Institutional investors own 50.33% of the company’s stock.
WPC stock traded down $0.31 during trading on Tuesday, hitting $61.44. The company had a trading volume of 229,894 shares, compared to its average volume of 376,862. The company has a market capitalization of $6,677.83, a PE ratio of 11.57, a P/E/G ratio of 3.91 and a beta of 0.73. W. P. Carey has a 52-week low of $59.23 and a 52-week high of $72.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.34 and a quick ratio of 0.34.
The business also recently announced a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were paid a $1.015 dividend. The ex-dividend date was Wednesday, March 28th. This is a boost from W. P. Carey’s previous quarterly dividend of $1.01. This represents a $4.06 dividend on an annualized basis and a yield of 6.61%. W. P. Carey’s dividend payout ratio (DPR) is 76.60%.
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W. P. Carey Company Profile
Celebrating its 45th anniversary, W. P. Carey Inc is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. At December 31, 2017, the Company had an enterprise value of approximately $11.5 billion.
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