Equities research analysts predict that W.P. Carey Inc. REIT (NYSE:WPC) will report sales of $187.48 million for the current quarter, according to Zacks. Two analysts have made estimates for W.P. Carey Inc. REIT’s earnings, with the highest sales estimate coming in at $201.49 million and the lowest estimate coming in at $173.48 million. W.P. Carey Inc. REIT reported sales of $219.06 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.4%. The firm is expected to announce its next earnings report 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 financial year, analysts expect that the business will post sales of $781.18 million per share, with estimates ranging from $747.73 million to $814.63 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover W.P. Carey Inc. REIT.

How to Become a New Pot Stock Millionaire

W.P. Carey Inc. REIT (NYSE:WPC) last released its earnings results on Friday, February 23rd. The real estate investment trust reported $1.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.06. W.P. Carey Inc. REIT had a return on equity of 8.05% and a net margin of 36.17%. The business had revenue of $196.96 million for the quarter, compared to the consensus estimate of $210.92 million. During the same period in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was down 13.9% compared to the same quarter last year.

WPC has been the topic of several analyst reports. Capital One Financial reissued an “equal weight” rating on shares of W.P. Carey Inc. REIT in a report on Sunday, February 25th. Zacks Investment Research raised W.P. Carey Inc. REIT from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. ValuEngine downgraded W.P. Carey Inc. REIT from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Finally, Evercore ISI downgraded W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. W.P. Carey Inc. REIT has a consensus rating of “Hold” and a consensus target price of $70.00.

In other W.P. Carey Inc. REIT news, Director Peter Farrell purchased 2,035 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was purchased at an average price of $61.88 per share, for a total transaction of $125,925.80. Following the completion of the purchase, the director now directly owns 4,378 shares of the company’s stock, valued at $270,910.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.32% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of W.P. Carey Inc. REIT in the fourth quarter worth $120,000. American International Group Inc. purchased a new position in shares of W.P. Carey Inc. REIT in the fourth quarter worth $152,000. AlphaStar Capital Management LLC purchased a new position in shares of W.P. Carey Inc. REIT in the fourth quarter worth $200,000. Park Avenue Securities LLC purchased a new position in shares of W.P. Carey Inc. REIT in the third quarter worth $201,000. Finally, Opus Capital Group LLC purchased a new position in shares of W.P. Carey Inc. REIT in the fourth quarter worth $201,000. Hedge funds and other institutional investors own 50.72% of the company’s stock.

W.P. Carey Inc. REIT (NYSE:WPC) traded up $0.51 during trading on Wednesday, reaching $62.44. The company’s stock had a trading volume of 424,863 shares, compared to its average volume of 357,556. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 1.19. W.P. Carey Inc. REIT has a twelve month low of $59.23 and a twelve month high of $72.41. The company has a market capitalization of $6,622.23, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 3.92 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $1.015 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $4.06 annualized dividend and a dividend yield of 6.50%. This is a boost from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. W.P. Carey Inc. REIT’s payout ratio is currently 158.43%.

TRADEMARK VIOLATION WARNING: This story was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/187-48-million-in-sales-expected-for-w-p-carey-inc-reit-wpc-this-quarter/1940901.html.

W.P. Carey Inc. REIT 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.

Get a free copy of the Zacks research report on W.P. Carey Inc. REIT (WPC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for W.P. Carey Inc. REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey Inc. REIT and related companies with MarketBeat.com's FREE daily email newsletter.