W.P. Carey Inc. REIT (NYSE:WPC) announced its quarterly earnings data on Friday. The real estate investment trust reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.21, Briefing.com reports. W.P. Carey Inc. REIT had a net margin of 34.97% and a return on equity of 8.10%. The business had revenue of $210.00 million for the quarter, compared to analyst estimates of $212.72 million. During the same period last year, the business earned $1.34 EPS. The company’s revenue was down 6.7% on a year-over-year basis.

Shares of W.P. Carey Inc. REIT (WPC) opened at $70.34 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 3.79 and a beta of 0.95. W.P. Carey Inc. REIT has a one year low of $55.77 and a one year high of $70.43.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a dividend of $1.005 per share. This is a positive change from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.00. This represents a $4.02 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend was Friday, September 29th. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is currently 154.02%.

A number of brokerages have recently weighed in on WPC. Zacks Investment Research lowered shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey Inc. REIT in a report on Friday, September 1st. Robert W. Baird began coverage on shares of W.P. Carey Inc. REIT in a report on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price objective on the stock. BidaskClub lowered shares of W.P. Carey Inc. REIT from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Finally, ValuEngine upgraded shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. W.P. Carey Inc. REIT presently has an average rating of “Hold” and a consensus price target of $70.00.

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About W.P. Carey Inc. REIT

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 for W.P. Carey Inc. REIT (NYSE:WPC)

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