W. P. Carey (NYSE:WPC) was downgraded by research analysts at Bank of America from a “buy” rating to an “underperform” rating in a research note issued on Wednesday, The Fly reports.
Separately, Zacks Investment Research downgraded W. P. Carey from a “hold” rating to a “sell” rating in a report on Thursday, March 11th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $68.00.
W. P. Carey stock opened at $72.44 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.90. W. P. Carey has a 52 week low of $52.22 and a 52 week high of $76.12. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 36.59 and a beta of 0.72. The stock has a 50-day moving average price of $69.50 and a 200 day moving average price of $68.23.
W. P. Carey (NYSE:WPC) last announced its quarterly earnings results on Thursday, February 11th. The real estate investment trust reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.39). W. P. Carey had a net margin of 28.17% and a return on equity of 4.98%. The company had revenue of $307.40 million during the quarter, compared to analyst estimates of $297.15 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. Research analysts anticipate that W. P. Carey will post 4.58 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Weaver Consulting Group increased its position in shares of W. P. Carey by 3.3% in the first quarter. Weaver Consulting Group now owns 34,193 shares of the real estate investment trust’s stock valued at $2,419,000 after buying an additional 1,107 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services increased its position in shares of W. P. Carey by 26.8% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 10,400 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 2,200 shares in the last quarter. Pensionfund DSM Netherlands increased its position in shares of W. P. Carey by 68.6% in the first quarter. Pensionfund DSM Netherlands now owns 55,300 shares of the real estate investment trust’s stock valued at $3,913,000 after buying an additional 22,500 shares in the last quarter. Pensionfund Sabic increased its position in shares of W. P. Carey by 35.8% in the first quarter. Pensionfund Sabic now owns 22,404 shares of the real estate investment trust’s stock valued at $1,585,000 after buying an additional 5,904 shares in the last quarter. Finally, Alpha DNA Investment Management LLC purchased a new stake in shares of W. P. Carey in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 62.16% of the company’s stock.
W. P. Carey Company Profile
W.P. Carey, Inc operates as a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments.
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