According to Zacks, “W. P. Carey Inc. is a real estate investment trust engaged in providing long-term sale-leaseback and build-to-suit financing for companies. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc., formerly known as W. P. Carey & Co. LLC, is based in New York. “
WPC has been the subject of several other research reports. Capital One Financial reiterated an equal weight rating on shares of WP Carey in a research note on Tuesday, March 5th. Evercore ISI cut WP Carey from an in-line rating to an underperform rating in a research note on Monday, April 1st. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group assumed coverage on WP Carey in a research note on Tuesday, March 26th. They issued a neutral rating and a $78.00 price objective for the company. Finally, ValuEngine upgraded WP Carey from a hold rating to a buy rating in a research note on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $72.05.
NYSE WPC opened at $83.60 on Friday. The stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 4.07 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.43 and a quick ratio of 0.43. WP Carey has a 1-year low of $62.12 and a 1-year high of $84.34.
WP Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, May 3rd. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $304.42 million. WP Carey had a return on equity of 8.12% and a net margin of 44.84%. The business’s quarterly revenue was up 47.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 EPS. On average, sell-side analysts forecast that WP Carey will post 4.97 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of WPC. Valley National Advisers Inc. purchased a new stake in WP Carey during the fourth quarter worth approximately $25,000. Karp Capital Management Corp purchased a new stake in WP Carey during the fourth quarter worth approximately $26,000. Sage Capital Advisors llc purchased a new stake in WP Carey during the fourth quarter worth approximately $26,000. Proficio Capital Partners LLC lifted its stake in WP Carey by 40.5% during the fourth quarter. Proficio Capital Partners LLC now owns 486 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 140 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new stake in WP Carey during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 51.86% 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.
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