W.P. Carey (WPC) Getting Somewhat Favorable Press Coverage, Study Shows
Media coverage about W.P. Carey (NYSE:WPC) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. W.P. Carey earned a coverage optimism score of 0.21 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.8148943350086 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
W.P. Carey (WPC) opened at 69.70 on Tuesday. W.P. Carey has a 1-year low of $55.77 and a 1-year high of $70.38. The company has a 50-day moving average of $68.10 and a 200-day moving average of $65.35. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 26.84 and a beta of 0.88.
W.P. Carey (NYSE:WPC) last issued its earnings results on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.56). The firm had revenue of $221.52 million for the quarter, compared to analyst estimates of $221.19 million. W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. W.P. Carey’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. On average, equities analysts predict that W.P. Carey will post $2.23 earnings per share for the current year.
A number of research analysts recently issued reports on the stock. Wells Fargo & Company reiterated a “market perform” rating and issued a $69.00 target price (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Friday, June 16th. ValuEngine lowered shares of W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of W.P. Carey from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 10th. Finally, Evercore ISI lowered shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 target price on the stock. in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.75.
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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.
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