Media headlines about W.P. Carey Inc. REIT (NYSE:WPC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. W.P. Carey Inc. REIT earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.1533482973001 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts have recently commented on the stock. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of W.P. Carey Inc. REIT in a research report on Friday, November 10th. Evercore ISI lowered shares of W.P. Carey Inc. REIT from an “in-line” rating to an “underperform” rating in a research report on Monday, December 11th. Robert W. Baird began coverage on shares of W.P. Carey Inc. REIT in a research report on Wednesday, October 18th. They set an “outperform” rating and a $77.00 price target on the stock. Finally, Zacks Investment Research lowered shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. W.P. Carey Inc. REIT currently has an average rating of “Hold” and an average target price of $70.00.
W.P. Carey Inc. REIT (NYSE:WPC) traded down $1.93 during midday trading on Monday, reaching $61.12. 468,995 shares of the company’s stock traded hands, compared to its average volume of 336,654. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.35 and a quick ratio of 0.35. W.P. Carey Inc. REIT has a 1 year low of $59.41 and a 1 year high of $72.41. The company has a market capitalization of $6,740.00, a price-to-earnings ratio of 26.34, a P/E/G ratio of 3.42 and a beta of 0.81.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a dividend of $1.01 per share. This is a positive change from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01. This represents a $4.04 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend was Thursday, December 28th. W.P. Carey Inc. REIT’s dividend payout ratio is 174.14%.
W.P. Carey Inc. REIT 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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