W.P. Carey (WPC) Earns Coverage Optimism Rating of 0.20
Media headlines about W.P. Carey (NYSE:WPC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. W.P. Carey earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 47.1454565094733 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Streetwise Investors Taking Note of WABCO Holdings Inc. (NYSE:WBC) WP Carey Inc. (NYSE:WPC) – FLBC News (flbcnews.com)
- Digging Deeper into Shares of WP Carey Inc (WPC) – Evergreen Caller (evergreencaller.com)
- Edited Transcript of WPC earnings conference call or presentation 4-Aug-17 2:00pm GMT (finance.yahoo.com)
- W.P. Carey Inc. (WPC) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS (americanbankingnews.com)
- Xenia Hotels & Resorts, Inc. (XHR) finishes with stream of -1.71% along WP Carey Inc. (WPC) stock worth of $67.94 – Stocks Gallery (stocksgallery.com)
A number of brokerages recently weighed in on WPC. Wells Fargo & Co restated a “market perform” rating and set a $69.00 price objective (up previously from $59.50) on shares of W.P. Carey in a research report on Friday, June 16th. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey in a research report on Friday, June 16th. Evercore ISI lowered W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price objective on the stock. in a research report on Monday, June 12th. Finally, ValuEngine lowered W.P. Carey from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.75.
Shares of W.P. Carey (NYSE:WPC) opened at 68.39 on Friday. The company has a market cap of $7.28 billion, a price-to-earnings ratio of 27.59 and a beta of 0.88. The firm has a 50 day moving average price of $67.39 and a 200-day moving average price of $64.06. W.P. Carey has a 52-week low of $55.77 and a 52-week high of $72.53.
W.P. Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by $0.56. W.P. Carey had a net margin of 33.03% and a return on equity of 7.73%. The company had revenue of $221.52 million for the quarter, compared to the consensus estimate of $221.19 million. During the same period last year, the business posted $1.24 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that W.P. Carey will post $2.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $1.00 per share. This is a boost from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend was Wednesday, June 28th. W.P. Carey’s dividend payout ratio (DPR) is 161.29%.
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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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