WP Carey (NYSE:WPC) updated its FY 2020
Pre-Market earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 4.86-5.01 for the period. WP Carey also updated its FY20 guidance to $4.86-5.01 EPS.
Shares of WPC stock traded up $0.07 during trading hours on Monday, hitting $88.07. 197,451 shares of the company’s stock were exchanged, compared to its average volume of 388,747. WP Carey has a fifty-two week low of $72.51 and a fifty-two week high of $93.62. The firm has a market cap of $15.16 billion, a P/E ratio of 49.48, a P/E/G ratio of 4.49 and a beta of 0.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $83.72 and a two-hundred day moving average of $85.83.
WP Carey (NYSE:WPC) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $0.49 by $0.79. The company had revenue of $311.20 million during the quarter, compared to analyst estimates of $315.57 million. WP Carey had a net margin of 24.76% and a return on equity of 4.37%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 EPS. On average, equities analysts forecast that WP Carey will post 4.91 earnings per share for the current fiscal year.
In other news, Director Mark A. Alexander acquired 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average cost of $80.50 per share, for a total transaction of $185,150.00. Following the completion of the transaction, the director now owns 10,878 shares in the company, valued at $875,679. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.09% 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.
Further Reading: Asset Allocation, Balancing Your Investments
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