W.P. Carey Inc. (NYSE:WPC) announced its earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.21, Briefing.com reports. W.P. Carey had a net margin of 31.28% and a return on equity of 7.25%. The business had revenue of $210.00 million during the quarter, compared to analyst estimates of $212.72 million. During the same period in the previous year, the business posted $1.34 earnings per share. W.P. Carey’s revenue for the quarter was down 6.7% on a year-over-year basis.
Shares of W.P. Carey (WPC) opened at $71.69 on Tuesday. W.P. Carey has a 52-week low of $55.97 and a 52-week high of $71.99. The stock has a market capitalization of $7,589.50, a price-to-earnings ratio of 13.60, a P/E/G ratio of 3.94 and a beta of 0.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35.
The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $1.005 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.02 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend was Friday, September 29th. W.P. Carey’s dividend payout ratio is currently 174.78%.
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A number of research analysts have issued reports on WPC shares. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a research report on Friday. Zacks Investment Research cut shares of W.P. Carey from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Robert W. Baird started coverage on shares of W.P. Carey in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price target on the stock. ValuEngine upgraded shares of W.P. Carey from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $70.00.
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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