W. P. Carey (WPC) Receiving Somewhat Critical Media Coverage, Report Shows

News coverage about W. P. Carey (NYSE:WPC) has been trending somewhat negative recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 -0.09 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.8577260085408 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

A number of analysts have weighed in on WPC shares. ValuEngine cut W. P. Carey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. Zacks Investment Research lowered W. P. Carey from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. Finally, Capital One reissued an “equal weight” rating on shares of W. P. Carey in a research note on Sunday, February 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $70.00.

W. P. Carey stock opened at $64.04 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 3.73 and a beta of 0.72. W. P. Carey has a 52 week low of $64.76 and a 52 week high of $65.13.

W. P. Carey (NYSE:WPC) last posted its quarterly earnings data on Friday, May 4th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.07. The company had revenue of $201.81 million for the quarter, compared to analyst estimates of $212.23 million. W. P. Carey had a return on equity of 8.33% and a net margin of 38.04%. The business’s revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.25 earnings per share. research analysts anticipate that W. P. Carey will post 4.84 earnings per share for the current year.

In other W. P. Carey news, Director Peter Farrell acquired 2,035 shares of W. P. Carey stock in a transaction on Monday, March 12th. The shares were bought at an average price of $61.88 per share, with a total value of $125,925.80. Following the completion of the purchase, the director now owns 4,378 shares in the company, valued at $270,910.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christopher Niehaus purchased 4,000 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average cost of $62.28 per share, for a total transaction of $249,120.00. Following the purchase, the director now directly owns 5,188 shares of the company’s stock, valued at $323,108.64. The disclosure for this purchase can be found here. 1.56% of the stock is currently owned by insiders.

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.

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

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