Analysts expect that W.P. Carey Inc. REIT (NYSE:WPC) will announce earnings of $1.13 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for W.P. Carey Inc. REIT’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.17. W.P. Carey Inc. REIT reported earnings per share of $0.44 during the same quarter last year, which suggests a positive year over year growth rate of 156.8%. The company is expected to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that W.P. Carey Inc. REIT will report full year earnings of $4.49 per share for the current fiscal year, with EPS estimates ranging from $4.44 to $4.52. For the next fiscal year, analysts forecast that the company will report earnings of $4.61 per share, with EPS estimates ranging from $4.47 to $4.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover W.P. Carey Inc. REIT.

W.P. Carey Inc. REIT (NYSE:WPC) last issued its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. During the same period in the previous year, the firm posted $1.34 earnings per share. W.P. Carey Inc. REIT’s quarterly revenue was down 6.7% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Evercore ISI cut shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a report on Monday, December 11th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey Inc. REIT in a research note on Friday, November 10th. Zacks Investment Research cut shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Robert W. Baird initiated coverage on shares of W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They set an “outperform” rating and a $77.00 price objective on the stock. Finally, ValuEngine raised shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $70.00.

Several large investors have recently modified their holdings of the company. Pring Turner Capital Group Inc. grew its holdings in W.P. Carey Inc. REIT by 7.7% during the 2nd quarter. Pring Turner Capital Group Inc. now owns 36,355 shares of the real estate investment trust’s stock worth $2,400,000 after acquiring an additional 2,585 shares during the last quarter. Kempen Capital Management N.V. boosted its stake in W.P. Carey Inc. REIT by 33.7% in the 2nd quarter. Kempen Capital Management N.V. now owns 41,668 shares of the real estate investment trust’s stock worth $2,751,000 after purchasing an additional 10,514 shares in the last quarter. Honeywell International Inc. boosted its stake in W.P. Carey Inc. REIT by 27.8% in the 3rd quarter. Honeywell International Inc. now owns 14,564 shares of the real estate investment trust’s stock worth $981,000 after purchasing an additional 3,164 shares in the last quarter. SG Americas Securities LLC boosted its stake in W.P. Carey Inc. REIT by 178.4% in the 3rd quarter. SG Americas Securities LLC now owns 30,395 shares of the real estate investment trust’s stock worth $2,048,000 after purchasing an additional 19,476 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in W.P. Carey Inc. REIT by 13.0% in the 2nd quarter. Wells Fargo & Company MN now owns 446,513 shares of the real estate investment trust’s stock worth $29,474,000 after buying an additional 51,482 shares during the last quarter. Institutional investors own 48.74% of the company’s stock.

W.P. Carey Inc. REIT (WPC) traded down $0.52 during trading on Wednesday, hitting $68.38. 306,600 shares of the stock traded hands, compared to its average volume of 259,150. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. W.P. Carey Inc. REIT has a fifty-two week low of $58.94 and a fifty-two week high of $72.41. The stock has a market cap of $7,310.00, a PE ratio of 29.47, a P/E/G ratio of 3.74 and a beta of 0.94.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a dividend of $1.01 per share. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $4.04 annualized dividend and a dividend yield of 5.91%. W.P. Carey Inc. REIT’s payout ratio is presently 174.14%.

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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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