Equities research analysts expect WP Carey Inc (NYSE:WPC) to post sales of $299.33 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for WP Carey’s earnings. The lowest sales estimate is $289.98 million and the highest is $308.67 million. WP Carey reported sales of $173.91 million during the same quarter last year, which indicates a positive year-over-year growth rate of 72.1%. The firm is expected to issue its next quarterly earnings results on Friday, August 2nd.
On average, analysts expect that WP Carey will report full year sales of $1.19 billion for the current financial year, with estimates ranging from $1.17 billion to $1.24 billion. For the next year, analysts expect that the company will post sales of $1.24 billion, with estimates ranging from $1.17 billion to $1.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover WP Carey.
WP Carey (NYSE:WPC) last announced its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. WP Carey had a net margin of 44.84% and a return on equity of 8.12%. The business had revenue of $298.30 million for the quarter, compared to analyst estimates of $304.42 million. During the same quarter in the prior year, the business earned $0.72 EPS. WP Carey’s quarterly revenue was up 47.8% on a year-over-year basis.
WPC traded down $0.01 on Wednesday, reaching $85.16. The company had a trading volume of 15,433 shares, compared to its average volume of 681,390. WP Carey has a fifty-two week low of $62.12 and a fifty-two week high of $86.41. The firm has a market cap of $14.42 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 5.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.43 and a current ratio of 0.43.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $1.034 per share. This represents a $4.14 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Thursday, June 27th. This is a positive change from WP Carey’s previous quarterly dividend of $1.03. WP Carey’s dividend payout ratio is presently 76.62%.
Large investors have recently made changes to their positions in the business. Valley National Advisers Inc. acquired a new position in shares of WP Carey during the 4th quarter worth approximately $25,000. Karp Capital Management Corp acquired a new stake in shares of WP Carey during the 4th quarter worth approximately $26,000. Sage Capital Advisors llc acquired a new stake in shares of WP Carey during the 4th quarter worth approximately $26,000. Proficio Capital Partners LLC boosted its position in shares of WP Carey by 40.5% during the 4th quarter. Proficio Capital Partners LLC now owns 486 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 140 shares in the last quarter. Finally, Executive Wealth Management LLC acquired a new stake in shares of WP Carey during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 53.95% of the company’s stock.
WP Carey Company Profile
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.
Further Reading: Buy-Side Analysts
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