W.P. Carey Inc. (WPC) Releases Earnings Results, Beats Estimates By $0.21 EPS

W.P. Carey Inc. (NYSE:WPC) posted its quarterly earnings data on Friday, November 3rd. The real estate investment trust reported $1.37 EPS for the quarter, topping the consensus estimate of $1.16 by $0.21, Briefing.com reports. The business had revenue of $210.00 million for the quarter, compared to analyst estimates of $212.72 million. W.P. Carey had a net margin of 31.28% and a return on equity of 7.25%. W.P. Carey’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 earnings per share.

Shares of W.P. Carey (NYSE:WPC) opened at $71.49 on Tuesday. W.P. Carey has a twelve month low of $55.97 and a twelve month high of $71.99. The company has a market cap of $7,640.00, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.98 and a beta of 0.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 1.19.

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Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of W.P. Carey from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Friday, September 1st. Robert W. Baird assumed coverage on shares of W.P. Carey in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 target price on the stock. BidaskClub downgraded shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, ValuEngine upgraded shares of W.P. Carey from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $70.00.

About W.P. Carey

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Earnings History for W.P. Carey (NYSE:WPC)

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