Equities research analysts expect W. P. Carey Inc. (NYSE:WPC – Get Rating) to announce earnings of $1.26 per share for the current quarter, according to Zacks. Two analysts have issued estimates for W. P. Carey’s earnings, with the lowest EPS estimate coming in at $1.20 and the highest estimate coming in at $1.31. W. P. Carey posted earnings per share of $1.27 in the same quarter last year, which suggests a negative year over year growth rate of 0.8%. The company is scheduled to report its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that W. P. Carey will report full year earnings of $5.21 per share for the current year, with EPS estimates ranging from $5.18 to $5.23. For the next financial year, analysts expect that the company will report earnings of $5.36 per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow W. P. Carey.
W. P. Carey (NYSE:WPC – Get Rating) last issued its quarterly earnings results on Friday, April 29th. The real estate investment trust reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.39. W. P. Carey had a return on equity of 6.88% and a net margin of 37.65%. The firm had revenue of $344.10 million for the quarter, compared to analysts’ expectations of $340.96 million. During the same period in the previous year, the firm posted $1.22 EPS. The business’s revenue for the quarter was up 12.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WPC. Los Angeles Capital Management LLC increased its stake in shares of W. P. Carey by 7.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 6,876 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 450 shares in the last quarter. Arete Wealth Advisors LLC increased its stake in shares of W. P. Carey by 3.1% in the 1st quarter. Arete Wealth Advisors LLC now owns 22,083 shares of the real estate investment trust’s stock worth $1,785,000 after purchasing an additional 659 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of W. P. Carey by 2.0% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 183,000 shares of the real estate investment trust’s stock worth $14,794,000 after purchasing an additional 3,600 shares in the last quarter. SouthState Corp increased its stake in shares of W. P. Carey by 75.1% in the 1st quarter. SouthState Corp now owns 2,345 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Fairfield Bush & CO. purchased a new stake in shares of W. P. Carey in the 1st quarter worth $26,000. 58.86% of the stock is currently owned by hedge funds and other institutional investors.
WPC stock opened at $77.81 on Friday. The stock has a market capitalization of $15.01 billion, a PE ratio of 28.19, a price-to-earnings-growth ratio of 7.87 and a beta of 0.70. W. P. Carey has a 12-month low of $71.72 and a 12-month high of $86.48. The company has a current ratio of 0.20, a quick ratio of 0.17 and a debt-to-equity ratio of 0.82. The stock’s 50 day simple moving average is $81.21 and its 200 day simple moving average is $79.23.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were issued a dividend of $1.057 per share. This represents a $4.23 annualized dividend and a dividend yield of 5.43%. This is a boost from W. P. Carey’s previous quarterly dividend of $1.06. The ex-dividend date was Wednesday, March 30th. W. P. Carey’s dividend payout ratio is presently 153.26%.
About W. P. Carey (Get Rating)
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators.
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