Somewhat Favorable News Coverage Somewhat Unlikely to Affect W.P. Carey (NYSE:WPC) Stock Price
Media stories about W.P. Carey (NYSE:WPC) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. W.P. Carey earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.1999308220152 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.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Are Discerning Investors Interested in These Shares: Sun Communities, Inc. (NYSE:SUI) and WP Carey Inc. (NYSE:WPC) – FLBC News (flbcnews.com)
- WP Carey Inc (WPC) Key Technical Levels in Focus – Evergreen Caller (evergreencaller.com)
- See what the IHS Markit Score report has to say about W. P. Carey Inc. (finance.yahoo.com)
- Cannell Peter B & Co Inc Decreases Its Stake in WP Carey Inc. REIT (WPC) Stock Last Quarter – Modern Readers (modernreaders.com)
- W.P. Carey, Inc. breached its 50 day moving average in a Bearish Manner : WPC-US : August 9, 2017 (finance.yahoo.com)
Several research firms have issued reports on WPC. BidaskClub cut W.P. Carey from a “strong-buy” rating to a “buy” rating in a report on Thursday. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a report on Tuesday, May 23rd. Evercore ISI cut W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target on the stock. in a report on Monday, June 12th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $69.00 price target (up previously from $59.50) on shares of W.P. Carey in a report on Friday, June 16th. Finally, ValuEngine downgraded shares of W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. W.P. Carey has an average rating of “Hold” and an average target price of $67.75.
Shares of W.P. Carey (NYSE WPC) traded down 0.15% during mid-day trading on Friday, reaching $65.87. 259,289 shares of the company’s stock traded hands. W.P. Carey has a 52 week low of $55.77 and a 52 week high of $69.00. The company’s 50 day moving average is $67.29 and its 200-day moving average is $64.32. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 25.36 and a beta of 0.88.
W.P. Carey (NYSE:WPC) last posted its earnings results 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. The firm had revenue of $221.52 million during the quarter, compared to analyst estimates of $221.19 million. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.24 earnings per share. Equities analysts expect that W.P. Carey will post $2.23 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $1.00 dividend. The ex-dividend date was Wednesday, June 28th. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.00 annualized dividend and a yield of 6.07%. W.P. Carey’s dividend payout ratio (DPR) is 154.44%.
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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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