WP Carey (NYSE:WPC) issued an update on its FY20 earnings guidance on Friday morning. The company provided EPS guidance of $4.86-5.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.59. WP Carey also updated its FY 2020
Pre-Market guidance to 4.86-5.01 EPS.
WPC traded up $0.08 during trading on Monday, hitting $88.08. 20,809 shares of the stock traded hands, compared to its average volume of 388,747. WP Carey has a twelve month low of $72.51 and a twelve month high of $93.62. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 49.41, a PEG ratio of 4.49 and a beta of 0.39. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.67 and a quick ratio of 0.67. The business has a 50 day moving average price of $83.72 and a 200 day moving average price of $85.83.
WP Carey (NYSE:WPC) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $1.28 EPS for the quarter, beating the consensus estimate of $0.49 by $0.79. WP Carey had a net margin of 24.76% and a return on equity of 4.37%. The business had revenue of $311.20 million during the quarter, compared to the consensus estimate of $315.57 million. During the same period in the previous year, the business earned $1.64 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that WP Carey will post 4.91 earnings per share for the current year.
In related news, Director Mark A. Alexander bought 2,300 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were purchased at an average price of $80.50 per share, with a total value of $185,150.00. Following the completion of the purchase, the director now owns 10,878 shares in the company, valued at approximately $875,679. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.09% of the company’s stock.
About WP Carey
W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators.
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