WP Carey Inc to Post FY2020 Earnings of $5.00 Per Share, Capital One Financial Forecasts (WPC)

WP Carey Inc (NYSE:WPC) – Analysts at Capital One Financial decreased their FY2020 earnings per share (EPS) estimates for shares of WP Carey in a research report issued on Wednesday, April 10th, Zacks Investment Research reports. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will post earnings per share of $5.00 for the year, down from their prior estimate of $5.14. Capital One Financial currently has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for WP Carey’s FY2021 earnings at $5.29 EPS.

WPC has been the subject of a number of other research reports. Zacks Investment Research upgraded WP Carey from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. 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. Finally, ValuEngine upgraded WP Carey from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.25.

NYSE:WPC traded down $0.06 during trading hours on Friday, reaching $79.23. 557,189 shares of the company traded hands, compared to its average volume of 971,666. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 3.99 and a beta of 0.60. WP Carey has a 1 year low of $62.12 and a 1 year high of $79.86. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.92.

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 Zacks’ 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 9.81% and a net margin of 49.68%. The firm’s quarterly revenue was up 47.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $1.032 dividend. The ex-dividend date was Thursday, March 28th. This represents a $4.13 annualized dividend and a dividend yield of 5.21%. This is a boost from WP Carey’s previous quarterly dividend of $1.03. WP Carey’s payout ratio is currently 76.62%.

Several hedge funds have recently bought and sold shares of the company. Wealthcare Advisory Partners LLC raised its stake in shares of WP Carey by 1.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,850 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 135 shares during the last quarter. Proficio Capital Partners LLC increased its position 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 valued at $32,000 after acquiring an additional 140 shares during the last quarter. Baystate Wealth Management LLC increased its position in WP Carey by 22.5% during the first quarter. Baystate Wealth Management LLC now owns 785 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 144 shares during the last quarter. Winslow Evans & Crocker Inc. increased its position in WP Carey by 2.5% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 6,144 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 150 shares during the last quarter. Finally, Brookstone Capital Management increased its position in WP Carey by 4.1% during the first quarter. Brookstone Capital Management now owns 4,055 shares of the real estate investment trust’s stock valued at $318,000 after acquiring an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 49.76% of the company’s stock.

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 and Estimates for WP Carey (NYSE:WPC)

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