Somewhat Favorable Press Coverage Somewhat Unlikely to Affect W.P. Carey Inc. REIT (WPC) Stock Price
Media headlines about W.P. Carey Inc. REIT (NYSE:WPC) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. W.P. Carey Inc. REIT earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.2748085842955 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- W.P. Carey, Inc. breached its 50 day moving average in a Bearish Manner : WPC-US : December 13, 2017 (finance.yahoo.com)
- W.P. Carey Inc. REIT (WPC) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Mastercard Inc Leads 6 Dividend Stocks Boosting Payouts – Investorplace.com (investorplace.com)
- W.P. Carey Inc. REIT (WPC) Downgraded by Evercore ISI to “line” (americanbankingnews.com)
- What’s Ahead for Non-Traded REIT Sector? Rebound Expected in 2018 Driven by Large Institutions, Small Investors … – CoStar Group (costar.com)
Shares of W.P. Carey Inc. REIT (NYSE WPC) traded up $0.53 during trading on Wednesday, reaching $70.37. The company’s stock had a trading volume of 314,613 shares, compared to its average volume of 309,967. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. W.P. Carey Inc. REIT has a 52-week low of $57.58 and a 52-week high of $72.41. The firm has a market cap of $7,470.00, a P/E ratio of 13.44, a P/E/G ratio of 3.91 and a beta of 0.94.
W.P. Carey Inc. REIT (NYSE:WPC) last issued its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.21. W.P. Carey Inc. REIT had a return on equity of 7.25% and a net margin of 31.28%. The firm had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. During the same period last year, the business posted $1.34 EPS. The business’s revenue was down 6.7% compared to the same quarter last year. analysts forecast that W.P. Carey Inc. REIT will post 4.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $1.01 per share. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. This represents a $4.04 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend is Thursday, December 28th. W.P. Carey Inc. REIT’s dividend payout ratio (DPR) is presently 173.28%.
WPC has been the subject of a number of recent research reports. ValuEngine upgraded W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Ladenburg Thalmann Financial Services restated a “hold” rating on shares of W.P. Carey Inc. REIT in a report on Friday, September 1st. Robert W. Baird initiated coverage on W.P. Carey Inc. REIT in a report on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price objective for the company. Zacks Investment Research downgraded W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Finally, BidaskClub upgraded W.P. Carey Inc. REIT from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.00.
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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