$187.48 Million in Sales Expected for W.P. Carey Inc. REIT (WPC) This Quarter
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.
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.
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%.
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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.
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