W. P. Carey (NYSE:WPC – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Friday, July 28th. Analysts expect the company to announce earnings of $1.28 per share for the quarter. W. P. Carey has set its FY23 guidance at $5.30-$5.40 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
W. P. Carey (NYSE:WPC – Get Free Report) last announced its earnings results on Friday, April 28th. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.12. W. P. Carey had a return on equity of 8.47% and a net margin of 47.26%. The company had revenue of $427.80 million for the quarter, compared to analyst estimates of $406.24 million. During the same quarter in the previous year, the company earned $1.35 earnings per share. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. On average, analysts expect W. P. Carey to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
W. P. Carey Trading Up 1.0 %
NYSE WPC opened at $71.41 on Friday. The firm has a market cap of $15.27 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 8.68 and a beta of 0.75. The firm has a 50 day simple moving average of $69.20 and a 200-day simple moving average of $75.49. W. P. Carey has a one year low of $66.10 and a one year high of $89.63. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.11 and a current ratio of 0.11.
W. P. Carey Increases Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. BNP Paribas initiated coverage on W. P. Carey in a report on Wednesday, June 14th. They issued an “underperform” rating and a $74.00 target price for the company. JMP Securities decreased their target price on W. P. Carey from $86.00 to $80.00 in a report on Friday, June 23rd. Finally, StockNews.com assumed coverage on shares of W. P. Carey in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.80.
Insider Buying and Selling at W. P. Carey
In other news, Director Mark A. Alexander bought 1,000 shares of the company’s stock in a transaction on Tuesday, May 2nd. The shares were bought at an average cost of $72.48 per share, with a total value of $72,480.00. Following the transaction, the director now directly owns 26,118 shares in the company, valued at approximately $1,893,032.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.11% of the company’s stock.
Institutional Trading of W. P. Carey
Several hedge funds have recently modified their holdings of WPC. Acadian Asset Management LLC bought a new stake in shares of W. P. Carey during the first quarter valued at approximately $26,000. Fairfield Bush & CO. bought a new position in shares of W. P. Carey in the 1st quarter valued at about $26,000. ICA Group Wealth Management LLC acquired a new stake in shares of W. P. Carey during the 4th quarter worth approximately $32,000. McIlrath & Eck LLC bought a new stake in shares of W. P. Carey during the fourth quarter worth approximately $41,000. Finally, Resurgent Financial Advisors LLC acquired a new stake in W. P. Carey during the 4th quarter worth $48,000. Institutional investors and hedge funds own 63.11% of the company’s stock.
About W. P. Carey
Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $25 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,446 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of March 31, 2023.
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