W.P. Carey Inc. REIT (NYSE:WPC) was downgraded by research analysts at Evercore ISI from an “in-line” rating to an “underperform” rating in a research report issued on Monday.

A number of other brokerages have also recently weighed in on WPC. BidaskClub raised shares of W.P. Carey Inc. REIT from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. ValuEngine raised shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Robert W. Baird started coverage on shares of W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 price target for the company. Finally, Zacks Investment Research cut shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. W.P. Carey Inc. REIT has an average rating of “Hold” and an average target price of $70.00.

Shares of W.P. Carey Inc. REIT (NYSE WPC) opened at $69.84 on Monday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.19. W.P. Carey Inc. REIT has a 12-month low of $57.58 and a 12-month high of $72.41. The firm has a market cap of $7,580.95, a price-to-earnings ratio of 13.58, a P/E/G ratio of 3.95 and a beta of 0.94.

W.P. Carey Inc. REIT (NYSE:WPC) last announced its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. W.P. Carey Inc. REIT had a net margin of 31.28% and a return on equity of 7.25%. The firm had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $212.72 million. During the same period in the prior year, the company earned $1.34 EPS. The firm’s revenue was down 6.7% on a year-over-year basis. analysts anticipate that W.P. Carey Inc. REIT will post 4.49 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of WPC. Ffcm LLC lifted its holdings in W.P. Carey Inc. REIT by 179.3% in the 2nd quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 1,092 shares in the last quarter. Bruderman Asset Management LLC acquired a new position in W.P. Carey Inc. REIT in the 2nd quarter worth $115,000. QCI Asset Management Inc. NY lifted its holdings in W.P. Carey Inc. REIT by 148.7% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 1,078 shares in the last quarter. Schroder Investment Management Group acquired a new position in W.P. Carey Inc. REIT in the 2nd quarter worth $128,000. Finally, Legg Mason Asset Management Japan Co. Ltd. acquired a new position in W.P. Carey Inc. REIT in the 2nd quarter worth $172,000. Hedge funds and other institutional investors own 48.76% of the company’s stock.

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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.

Analyst Recommendations for W.P. Carey Inc. REIT (NYSE:WPC)

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