Equities research analysts expect that W.P. Carey Inc. (NYSE:WPC) will post sales of $188.07 million for the current quarter, according to Zacks. Two analysts have issued estimates for W.P. Carey’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 reported sales of $228.78 million during the same quarter last year, which indicates a negative year over year growth rate of 17.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that W.P. Carey 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 expect that the firm will post sales of $806.11 million per share, with estimates ranging from $706.05 million to $902.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for W.P. Carey.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.21. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. W.P. Carey had a return on equity of 7.25% and a net margin of 31.28%. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 earnings per share.

A number of equities analysts have recently commented on the stock. BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. ValuEngine raised W.P. Carey from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Robert W. Baird initiated coverage on W.P. Carey in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 target price for the company. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey in a research report on Friday, November 10th. Finally, Zacks Investment Research downgraded W.P. Carey from a “hold” rating to a “sell” rating in a report on Friday, October 27th. 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $70.00.

Several institutional investors and hedge funds have recently made changes to their positions in WPC. New England Private Wealth Advisors LLC boosted its holdings in W.P. Carey by 0.4% during the second quarter. New England Private Wealth Advisors LLC now owns 4,264 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 17 shares in the last quarter. DF Dent & Co. Inc. raised its stake in shares of W.P. Carey by 0.4% in the 2nd quarter. DF Dent & Co. Inc. now owns 5,779 shares of the real estate investment trust’s stock valued at $381,000 after acquiring an additional 21 shares in the last quarter. Advisory Services Network LLC increased its position in W.P. Carey by 0.5% in the 2nd quarter. Advisory Services Network LLC now owns 11,349 shares of the real estate investment trust’s stock worth $749,000 after buying an additional 52 shares during the period. The Manufacturers Life Insurance Company boosted its stake in W.P. Carey by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock valued at $333,000 after buying an additional 87 shares in the last quarter. Finally, Morse Asset Management Inc lifted its holdings in W.P. Carey by 1.6% during the 2nd quarter. Morse Asset Management Inc now owns 6,500 shares of the real estate investment trust’s stock worth $429,000 after buying an additional 100 shares during the period. 48.76% of the stock is owned by institutional investors.

Shares of W.P. Carey (NYSE:WPC) opened at $71.18 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market capitalization of $7,650.44, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 3.98 and a beta of 0.95. W.P. Carey has a twelve month low of $55.97 and a twelve month high of $72.41.

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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.

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

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