WP Carey (WPC) to Release Quarterly Earnings on Friday

WP Carey (NYSE:WPC) will release its earnings data before the market opens on Friday, May 3rd. Analysts expect WP Carey to post earnings of $1.20 per share for the quarter. WP Carey has set its FY 2019 guidance at $4.95-5.15 EPS and its FY19 guidance at $4.95-5.15 EPS.

WP Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, February 22nd. The real estate investment trust reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The business had revenue of $273.40 million for the quarter, compared to analyst estimates of $283.87 million. WP Carey had a return on equity of 9.81% and a net margin of 49.68%. WP Carey’s quarterly revenue was up 39.0% compared to the same quarter last year. During the same period last year, the company posted $1.18 earnings per share. On average, analysts expect WP Carey to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of WP Carey stock opened at $78.14 on Friday. The firm has a market cap of $13.24 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 3.88 and a beta of 0.61. WP Carey has a 12 month low of $62.12 and a 12 month high of $79.75. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.44 and a current ratio of 0.44.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $1.032 per share. This is a positive change from WP Carey’s previous quarterly dividend of $1.03. This represents a $4.13 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Thursday, March 28th. WP Carey’s dividend payout ratio (DPR) is 76.62%.

A number of brokerages recently commented on WPC. Zacks Investment Research lowered WP Carey from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. Evercore ISI lowered WP Carey from an “in-line” rating to an “underperform” rating in a report on Monday, April 1st. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group initiated coverage on WP Carey in a research note on Tuesday, March 26th. They issued a “neutral” rating and a $78.00 target price on the stock. Capital One Financial restated an “equal weight” rating on shares of WP Carey in a research note on Tuesday, March 5th. Finally, ValuEngine upgraded WP Carey from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. WP Carey has a consensus rating of “Hold” and a consensus target price of $72.25.

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About WP Carey

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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Earnings History for WP Carey (NYSE:WPC)

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