Analysts predict that W.P. Carey Inc. REIT (NYSE:WPC) will report $187.48 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for W.P. Carey Inc. REIT’s earnings, with estimates ranging from $173.48 million to $201.49 million. W.P. Carey Inc. REIT reported sales of $219.06 million in the same quarter last year, which indicates a negative year over year growth rate of 14.4%. The business is scheduled to issue its next earnings results on Tuesday, May 8th.
On average, analysts expect that W.P. Carey Inc. REIT will report full year sales of $187.48 million for the current year, with estimates ranging from $706.05 million to $895.00 million. For the next fiscal year, analysts expect that the firm will report sales of $781.18 million per share, with estimates ranging from $747.73 million to $814.63 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover W.P. Carey Inc. REIT.
W.P. Carey Inc. REIT (NYSE:WPC) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The company had revenue of $196.96 million during the quarter, compared to analyst estimates of $210.92 million. W.P. Carey Inc. REIT had a return on equity of 8.05% and a net margin of 36.17%. The firm’s quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS.
W.P. Carey Inc. REIT (WPC) opened at $61.90 on Wednesday. The stock has a market capitalization of $6,630.00, a price-to-earnings ratio of 24.18, a P/E/G ratio of 3.29 and a beta of 0.85. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.34 and a quick ratio of 0.34. W.P. Carey Inc. REIT has a 52 week low of $59.23 and a 52 week high of $72.41.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at about $120,000. American International Group Inc. purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at about $152,000. AlphaStar Capital Management LLC purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at about $200,000. Opus Capital Group LLC purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at about $201,000. Finally, LVW Advisors LLC purchased a new position in shares of W.P. Carey Inc. REIT during the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 50.72% 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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