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About W. P. Carey (NYSE:WPC)
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. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of investment programs. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades. www.wpcarey.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:WPC
CUSIPN/A
Phone212-492-1100
Debt
Debt-to-Equity Ratio1.22
Current Ratio0.33
Quick Ratio0.33
Price-To-Earnings
Trailing P/E Ratio12.41
Forward P/E Ratio13.59
P/E Growth3.74
Sales & Book Value
Annual Sales$848.30 million
Price / Sales8.29
Cash Flow$5.6301 per share
Price / Cash11.68
Book Value$31.51 per share
Price / Book2.09
Profitability
EPS (Most Recent Fiscal Year)$5.30
Net Income$277.28 million
Net Margins38.04%
Return on Equity8.33%
Return on Assets3.44%
Miscellaneous
Employees207
Outstanding Shares106,930,000
W. P. Carey (NYSE:WPC) Frequently Asked Questions
What is W. P. Carey's stock symbol?
W. P. Carey trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPC."
How often does W. P. Carey pay dividends? What is the dividend yield for W. P. Carey?
W. P. Carey declared a quarterly dividend on Thursday, March 15th. Stockholders of record on Thursday, March 29th will be given a dividend of $1.015 per share on Monday, April 16th. This represents a $4.06 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date is Wednesday, March 28th. This is an increase from W. P. Carey's previous quarterly dividend of $1.01. View W. P. Carey's Dividend History.
How were W. P. Carey's earnings last quarter?
W. P. Carey (NYSE:WPC) issued its quarterly earnings data on Friday, May, 4th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $0.07. The real estate investment trust had revenue of $201.81 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS. View W. P. Carey's Earnings History.
When is W. P. Carey's next earnings date?
What guidance has W. P. Carey issued on next quarter's earnings?
W. P. Carey issued an update on its FY18 earnings guidance on Friday, May, 4th. The company provided earnings per share guidance of $5.30-5.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.37.
What price target have analysts set for WPC?
5 analysts have issued twelve-month target prices for W. P. Carey's shares. Their predictions range from $64.00 to $77.00. On average, they expect W. P. Carey's share price to reach $70.00 in the next twelve months. View Analyst Ratings for W. P. Carey.
Who are some of W. P. Carey's key competitors?
Some companies that are related to W. P. Carey include UNIBAIL-RODAMCO/ADR (UNRDY), Equity Residential (EQR), Digital Realty (DLR), AvalonBay Communities (AVB), Welltower (WELL), GGP (GGP), Ventas (VTR), SBA Communications (SBAC), Boston Properties (BXP), Host Hotels & Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Gecina (GECFF), Alexandria Real Estate Equities (ARE) and Vornado Realty Trust (VNO).
Who are W. P. Carey's key executives?
W. P. Carey's management team includes the folowing people:
- Mr. Jason E. Fox, CEO & Director (Age 45)
- Mr. John J. Park, Pres (Age 54)
- Ms. ToniAnn Sanzone CPA, MD & CFO (Age 41)
- Mr. John D. Miller, Chief Investment Officer & MD (Age 73)
- Mr. Gino M. Sabatini, MD & Head of Investments (Age 49)
Has W. P. Carey been receiving favorable news coverage?
Media coverage about WPC stock has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. W. P. Carey earned a media sentiment score of 0.21 on Accern's scale. They also assigned news coverage about the real estate investment trust an impact score of 44.52 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are W. P. Carey's major shareholders?
W. P. Carey's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.64%), Dimensional Fund Advisors LP (1.44%), UBS Group AG (1.42%), Royal Bank of Canada (1.10%), Northern Trust Corp (1.06%) and American Century Companies Inc. (0.47%). Company insiders that own W. P. Carey stock include Christopher Niehaus, Mark A Alexander, Mark M Goldberg, Mary M Vandeweghe, Nathaniel S Coolidge and Peter Farrell. View Institutional Ownership Trends for W. P. Carey.
Which institutional investors are selling W. P. Carey stock?
WPC stock was sold by a variety of institutional investors in the last quarter, including American Century Companies Inc., BlackRock Inc., Neuberger Berman Group LLC, Aperio Group LLC, Bahl & Gaynor Inc., IFP Advisors Inc, Teacher Retirement System of Texas and Private Harbour Investment Management & Counsel LLC. View Insider Buying and Selling for W. P. Carey.
Which institutional investors are buying W. P. Carey stock?
WPC stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Mackay Shields LLC, Chicago Equity Partners LLC, Envestnet Asset Management Inc., Advisors Capital Management LLC, Northern Trust Corp, Millennium Management LLC and Dimensional Fund Advisors LP. Company insiders that have bought W. P. Carey stock in the last two years include Christopher Niehaus, Mark A Alexander, Mary M Vandeweghe and Peter Farrell. View Insider Buying and Selling for W. P. Carey.
How do I buy shares of W. P. Carey?
Shares of WPC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is W. P. Carey's stock price today?
One share of WPC stock can currently be purchased for approximately $65.76.
How big of a company is W. P. Carey?
W. P. Carey has a market capitalization of $6.94 billion and generates $848.30 million in revenue each year. The real estate investment trust earns $277.28 million in net income (profit) each year or $5.30 on an earnings per share basis. W. P. Carey employs 207 workers across the globe.
How can I contact W. P. Carey?
W. P. Carey's mailing address is 50 ROCKEFELLER PLAZA, NEW YORK NY, 10020. The real estate investment trust can be reached via phone at 212-492-1100 or via email at [email protected]
MarketBeat Community Rating for W. P. Carey (WPC)
MarketBeat's community ratings are surveys of what our community members think about W. P. Carey and other stocks. Vote "Outperform" if you believe WPC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WPC will underperform the S&P 500 over the long term. You may vote once every thirty days.
W. P. Carey (NYSE:WPC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
5 Wall Street analysts have issued ratings and price targets for W. P. Carey in the last 12 months. Their average twelve-month price target is $70.00, suggesting that the stock has a possible upside of 6.45%. The high price target for WPC is $77.00 and the low price target for WPC is $64.00. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.00 | 2.00 | 2.20 | 2.20 |
| Ratings Breakdown: | 1 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $70.00 | $70.00 | $70.00 | $70.00 |
| Price Target Upside: | 6.45% upside | 14.70% upside | 1.28% downside | 1.69% downside |
W. P. Carey (NYSE:WPC) Consensus Price Target History
W. P. Carey (NYSE:WPC) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
W. P. Carey (NYSE:WPC) Dividend Information
W. P. Carey pays an annual dividend of $4.06 per share, with a dividend yield of 6.17%. WPC's most recent quarterly dividend payment was Monday, April 16. The company has grown its dividend for the last 17 consecutive years and is increasing its dividend by an average of 3.40% each year. W. P. Carey pays out 76.60% of its earnings out as a dividend.
| Most Recent Dividend: | 4/16/2018 |
| Annual Dividend: | $4.06 |
| Dividend Yield: | 6.17% |
| Dividend Growth: | 3.40% (3 Year Average) |
| Payout Ratio(s): | 76.60% (Trailing 12 Months of Earnings)
83.88% (Based on This Year's Estimates)
81.53% (Based on Next Year's Estimates)
72.11% (Based on Cash Flow)
|
| Track Record: | 17 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
W. P. Carey (NYSE:WPC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/15/2018 | quarterly | $1.0150 | 6.55578879379945% | 3/28/2018 | 3/29/2018 | 4/16/2018 |
| 12/6/2017 | quarterly | $1.01 | 5.73% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 9/20/2017 | quarterly | $1.0050 | 5.86% | 9/29/2017 | 10/2/2017 | 10/16/2017 |
| 6/16/2017 | quarterly | $1.00 | 5.88% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/16/2017 | quarterly | $0.9950 | 6.4% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 12/7/2016 | quarterly | $0.99 | | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/22/2016 | quarterly | $0.9850 | | 9/29/2016 | 10/3/2016 | 10/14/2016 |
| 6/16/2016 | quarterly | $0.98 | | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/21/2016 | quarterly | $0.9742 | | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/10/2015 | quarterly | $0.9646 | | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/17/2015 | quarterly | $0.9550 | | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 6/18/2015 | quarterly | $0.9540 | 6.12% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/19/2015 | quarterly | $0.9525 | 5.38% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 12/10/2014 | quarterly | $0.95 | 5.47% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 9/18/2014 | quarterly | $0.94 | 5.53% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 6/19/2014 | quarterly | $0.90 | 5.51% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 3/20/2014 | quarterly | $0.8950 | 5.82% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 12/13/2013 | quarterly | $0.87 | 5.71% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 12/12/2013 | special | $0.11 | 5.71% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 9/19/2013 | quarterly | $0.86 | 5.17% | 9/26/2013 | 9/30/2013 | 10/15/2013 |
| 6/20/2013 | quarterly | $0.84 | | | 7/1/2013 | 7/15/2013 |
| 3/14/2013 | quarterly | $0.82 | 4.79% | 3/26/2013 | 3/28/2013 | 4/15/2013 |
| 12/14/2012 | special | $0.66 | | 12/27/2012 | 12/31/2012 | 1/15/2013 |
| 12/13/2012 | quarterly | $0.66 | | | 12/31/2012 | 1/15/2013 |
(Data available from 1/1/2013 forward)
W. P. Carey (NYSE WPC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.56%
Institutional Ownership Percentage: 49.39%
W. P. Carey (NYSE WPC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/16/2018 | Christopher Niehaus | Director | Buy | 4,000 | $62.28 | $249,120.00 | 5,188 |  |
| 3/12/2018 | Peter Farrell | Director | Buy | 2,035 | $61.88 | $125,925.80 | 4,378 | |
| 2/28/2017 | Mark M Goldberg | Insider | Sell | 18,065 | $63.18 | $1,141,346.70 | 129,237 | |
| 11/17/2016 | Mark A Alexander | Director | Buy | 4,000 | $57.73 | $230,920.00 | 4,000 | |
| 11/7/2016 | Mary M Vandeweghe | Director | Buy | 940 | $58.67 | $55,149.80 | 7,484 | |
| 8/26/2016 | Nathaniel S Coolidge | Director | Sell | 350 | $66.79 | $23,376.50 | 17,103 | |
| 5/9/2016 | Mary M Vandeweghe | Director | Buy | 1,000 | $63.08 | $63,080.00 | 5,389 | |
| 12/18/2015 | Thomas E. Zacharias | COO | Sell | 17,000 | $60.03 | $1,020,510.00 | 242,970 | |
| 12/17/2015 | Nathaniel S. Coolidge | Director | Sell | 757 | $60.92 | $46,116.44 | 16,093 | |
| 12/8/2015 | Trevor P Bond | CEO | Sell | 1,998 | $61.08 | $122,037.84 | 324,843 | |
| 5/21/2015 | Trevor P Bond | CEO | Buy | 2,000 | $63.07 | $126,140.00 | | |
| 3/6/2015 | Trevor P Bond | CEO | Buy | 2,000 | $65.59 | $131,180.00 | | |
| 3/2/2015 | Mark M Goldberg | Director | Sell | 20,000 | $69.30 | $1,386,000.00 | | |
| 2/26/2015 | Benjamin H Iv Griswold | Director | Sell | 11,000 | $68.35 | $751,850.00 | | |
| 8/13/2014 | Hisham A Kader | CAO | Sell | 1,488 | $68.68 | $102,195.84 | | |
| 8/7/2014 | Hisham A Kader | CAO | Sell | 1,705 | $66.92 | $114,098.60 | | |
| 5/20/2014 | Trevor Bond | CEO | Buy | 1,000 | $61.98 | $61,980.00 | 142,667 | |
| 5/15/2014 | Thomas Zacharias | COO | Sell | 7,500 | $62.00 | $465,000.00 | 215,782 | |
| 5/13/2014 | Benjamin Iv Griswold | Director | Sell | 15,936 | $61.50 | $980,064.00 | 107,770 | |
| 11/25/2013 | Of Wm. Polk Carey Estate | Major Shareholder | Sell | 750,000 | $62.15 | $46,612,500.00 | | |
| 9/9/2013 | H Augustus Carey | Major Shareholder | Sell | 1,083,000 | $65.00 | $70,395,000.00 | | |
| 12/18/2012 | Mark M Goldberg | Director | Buy | 1,600 | $49.45 | $79,120.00 | | |
| 12/3/2012 | Mark M Goldberg | Director | Buy | 1,250 | $48.32 | $60,400.00 | | |
(Data available from 1/1/2013 forward)
W. P. Carey (NYSE WPC) News Headlines
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W. P. Carey (NYSE:WPC) SEC Filings
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W. P. Carey (NYSE:WPC) Income Statement, Balance Sheet and Cash Flow Statement
W. P. Carey (NYSE WPC) Stock Chart for Wednesday, May, 23, 2018
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