W.P. Carey (WPC) Receives News Sentiment Rating of 0.13
News stories about W.P. Carey (NYSE:WPC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W.P. Carey earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.3481630353149 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
WPC has been the topic of a number of recent analyst reports. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey in a research note on Friday, September 1st. Zacks Investment Research lowered W.P. Carey from a “hold” rating to a “sell” rating in a research note on Friday. Robert W. Baird initiated coverage on W.P. Carey in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price objective on the stock. ValuEngine raised W.P. Carey from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub raised W.P. Carey from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. 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 assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.00.
W.P. Carey (WPC) opened at 68.38 on Tuesday. The stock’s 50 day moving average price is $68.83 and its 200 day moving average price is $66.85. W.P. Carey has a 52 week low of $55.77 and a 52 week high of $70.38. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 26.33 and a beta of 0.86.
W.P. Carey (NYSE:WPC) last released its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.56). W.P. Carey had a net margin of 34.97% and a return on equity of 8.10%. The firm had revenue of $221.52 million for the quarter, compared to analyst estimates of $221.19 million. During the same period last year, the business earned $1.24 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that W.P. Carey will post $2.23 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were issued a dividend of $1.005 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date was Friday, September 29th. This represents a $4.02 annualized dividend and a dividend yield of 5.88%. W.P. Carey’s dividend payout ratio (DPR) is 155.21%.
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About W.P. Carey
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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