W.P. Carey (WPC) Getting Somewhat Favorable Press Coverage, Report Shows

News articles about W.P. Carey (NYSE:WPC) have been trending somewhat positive this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. AlphaOne 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 news sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned media stories about the real estate investment trust an impact score of 65 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have effected Alpha One Sentiment’s scoring:

Insider Buying and Selling by Quarter for W.P. Carey (NYSE:WPC)

A number of analysts have commented on WPC shares. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research report on Tuesday, May 23rd. Zacks Investment Research downgraded W.P. Carey from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. ValuEngine downgraded W.P. Carey from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BMO Capital Markets restated a “buy” rating and issued a $70.00 price objective on shares of W.P. Carey in a research report on Wednesday, March 1st. Finally, Evercore ISI upgraded W.P. Carey to an “outperform” rating in a research report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.00.

W.P. Carey (NYSE WPC) traded up 0.35% during trading on Friday, reaching $68.02. The company had a trading volume of 1,052,631 shares. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 27.44 and a beta of 0.87. The stock has a 50 day moving average price of $64.46 and a 200 day moving average price of $62.25. W.P. Carey has a 12 month low of $55.77 and a 12 month high of $72.89.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by $0.59. W.P. Carey had a net margin of 33.03% and a return on equity of 7.73%. The company had revenue of $188.10 million for the quarter, compared to the consensus estimate of $223.82 million. During the same quarter last year, the business earned $1.31 earnings per share. W.P. Carey’s quarterly revenue was down 23.0% on a year-over-year basis. On average, equities research analysts predict that W.P. Carey will post $2.68 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a dividend of $1.00 per share. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.00 annualized dividend and a yield of 5.88%. The ex-dividend date of this dividend is Wednesday, June 28th. W.P. Carey’s dividend payout ratio (DPR) is 160.48%.

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W.P. Carey Company Profile

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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