Headlines about W. P. Carey (NYSE:WPC) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. W. P. Carey earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.6768702026656 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several analysts have recently issued reports on the stock. ValuEngine lowered shares of W. P. Carey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Zacks Investment Research upgraded shares of W. P. Carey from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of W. P. Carey in a research report on Sunday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. W. P. Carey currently has an average rating of “Hold” and an average price target of $70.00.
NYSE:WPC opened at $61.55 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 1.19. The stock has a market capitalization of $6,536.68, a PE ratio of 11.61, a price-to-earnings-growth ratio of 3.82 and a beta of 0.73. W. P. Carey has a twelve month low of $59.23 and a twelve month high of $72.41.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $1.015 dividend. This is an increase from W. P. Carey’s previous quarterly dividend of $1.01. This represents a $4.06 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Wednesday, March 28th. W. P. Carey’s dividend payout ratio (DPR) is currently 76.60%.
In other W. P. Carey news, Director Christopher Niehaus purchased 4,000 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average cost of $62.28 per share, with a total value of $249,120.00. Following the completion of the purchase, the director now owns 5,188 shares in the company, valued at approximately $323,108.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter Farrell purchased 2,035 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was acquired at an average cost of $61.88 per share, for a total transaction of $125,925.80. Following the completion of the purchase, the director now owns 4,378 shares of the company’s stock, valued at approximately $270,910.64. The disclosure for this purchase can be found here. Company insiders own 1.32% of the company’s stock.
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W. P. Carey Company Profile
Celebrating its 45th anniversary, W. P. Carey Inc is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. At December 31, 2017, the Company had an enterprise value of approximately $11.5 billion.
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