Zacks: Analysts Expect W.P. Carey Inc. REIT (WPC) Will Post Quarterly Sales of $188.07 Million

Analysts forecast that W.P. Carey Inc. REIT (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 Inc. REIT’s earnings, with the lowest sales estimate coming in at $170.98 million and the highest estimate coming in at $205.17 million. W.P. Carey Inc. REIT posted sales of $228.78 million in the same quarter last year, which suggests a negative year-over-year growth rate of 17.8%. The company is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that W.P. Carey Inc. REIT will report full-year sales of $188.07 million for the current year, with estimates ranging from $670.18 million to $878.00 million. For the next fiscal year, analysts expect that the business will post sales of $806.11 million per share, with estimates ranging from $706.05 million to $902.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for W.P. Carey Inc. REIT.

W.P. Carey Inc. REIT (NYSE:WPC) last posted its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $1.37 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 analyst estimates of $212.72 million. W.P. Carey Inc. REIT had a net margin of 31.28% and a return on equity of 7.25%. W.P. Carey Inc. REIT’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 earnings per share.

WPC has been the subject of several research analyst reports. ValuEngine upgraded W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Evercore ISI downgraded W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Robert W. Baird initiated coverage on W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 target price for the company. Finally, Zacks Investment Research downgraded W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $70.00.

W.P. Carey Inc. REIT (WPC) opened at $64.75 on Monday. 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 cap of $6,922.42, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 3.51 and a beta of 0.95. W.P. Carey Inc. REIT has a one year low of $59.41 and a one year high of $72.41.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 6.24%. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. The ex-dividend date was Thursday, December 28th. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is 175.65%.

Large investors have recently added to or reduced their stakes in the company. DF Dent & Co. Inc. raised its holdings in shares of W.P. Carey Inc. REIT by 0.4% in the second 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 raised its holdings in shares of W.P. Carey Inc. REIT by 0.5% in the second quarter. Advisory Services Network LLC now owns 11,349 shares of the real estate investment trust’s stock valued at $749,000 after acquiring an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of W.P. Carey Inc. REIT by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,052 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 87 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of W.P. Carey Inc. REIT by 5.1% in the second quarter. Federated Investors Inc. PA now owns 2,900 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 142 shares in the last quarter. Finally, Stellar Capital Management LLC raised its holdings in shares of W.P. Carey Inc. REIT by 0.7% in the second quarter. Stellar Capital Management LLC now owns 36,582 shares of the real estate investment trust’s stock valued at $2,415,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 48.75% of the company’s stock.

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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.

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