W.P. Carey Inc. (NYSE:WPC) – Capital One Financial Corporation cut their Q3 2017 earnings estimates for shares of W.P. Carey in a research note issued on Wednesday. Capital One Financial Corporation analyst C. Lucas now expects that the real estate investment trust will post earnings of $1.16 per share for the quarter, down from their previous forecast of $1.25. Capital One Financial Corporation also issued estimates for W.P. Carey’s Q4 2017 earnings at $1.13 EPS and FY2017 earnings at $4.53 EPS.

W.P. Carey (NYSE:WPC) last issued its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.56). W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The company had revenue of $221.52 million during the quarter, compared to analyst estimates of $221.19 million. During the same period in the previous year, the company posted $1.24 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis.

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Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 10th. ValuEngine upgraded shares of W.P. Carey from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research report on Friday, September 1st. Robert W. Baird started coverage on shares of W.P. Carey in a research report on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 target price on the stock. Finally, Zacks Investment Research cut shares of W.P. Carey from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.00.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. increased its position in shares of W.P. Carey by 17.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 349,785 shares of the real estate investment trust’s stock valued at $21,764,000 after acquiring an additional 50,736 shares during the period. Bank of New York Mellon Corp increased its position in shares of W.P. Carey by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 755,971 shares of the real estate investment trust’s stock valued at $49,902,000 after acquiring an additional 22,204 shares during the period. Kempen Capital Management N.V. increased its position in shares of W.P. Carey by 33.7% in the second quarter. Kempen Capital Management N.V. now owns 41,668 shares of the real estate investment trust’s stock valued at $2,751,000 after acquiring an additional 10,514 shares during the period. Pring Turner Capital Group Inc. increased its position in shares of W.P. Carey by 7.7% in the second quarter. Pring Turner Capital Group Inc. now owns 36,355 shares of the real estate investment trust’s stock valued at $2,400,000 after acquiring an additional 2,585 shares during the period. Finally, First Trust Advisors LP increased its position in shares of W.P. Carey by 14.7% in the second quarter. First Trust Advisors LP now owns 78,294 shares of the real estate investment trust’s stock valued at $5,168,000 after acquiring an additional 10,030 shares during the period. Hedge funds and other institutional investors own 48.42% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were given a $1.005 dividend. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, September 29th. This represents a $4.02 dividend on an annualized basis and a dividend yield of 5.90%. W.P. Carey’s payout ratio is presently 155.21%.

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 and Estimates for W.P. Carey (NYSE:WPC)

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