W.P. Carey Inc. REIT (NYSE:WPC) near 52-week low on important volume

W.P. Carey Inc. REIT (NYSE:WPC) (TREND ANALYSIS) shares were traded with a significant increase in volume. The stock closed last trading session at $62.6, down by -0.05%, with a volume of 640,499 shares against an average volume for the last 3 months of 402,522.

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W.P. Carey Inc. REIT (NYSE:WPC) stock is currently trading 15.27% below its 52-week-high, 1.51% above its 52-week-low. The 1-year stock price history is in the range of $61.67 – $73.88. W.P. Carey Inc. REIT (WPC) has a price to earnings ratio of 40.81 versus Financial sector average of 18.08. WPC stock price has underperformed the S&P 500 by 12.5%. The REIT – Diversified company is currently valued at $6.53 billion and its share price closed the last trading session at $62.6. The stock has a 50-day moving average of $64.18 and a 200-day moving average of $68.25.

W.P. Carey Inc. REIT (WPC) current short interest stands at 0.97 million shares. It has increased by 3% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.56 million shares, the number of days required to cover the short positions stand at 1.8 days.

WPC reported last quarter earnings on May 18. The REIT – Diversified company announced earnings per share of $1.22 against a consensus Street estimate of $0.99, beating the average estimate by $0.23. This corresponds to an increase of $0.99 compared to the same quarter of the previous fiscal year.

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There are currently six analysts that cover W.P. Carey Inc. REIT stock. Of those six, two have a Buy rating, four have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $71.2.

A recent analyst activity consisted of Wells Fargo who initiated their coverage on the stock with Market Perform rating on February 18. On the date of report, the stock closed at $69.85.

From an income perspective, W.P. Carey Inc. REIT (WPC) has a dividend yield of 6%. The dividend growth rate has evolved at the pace of 7% over the last 5 years and the payout ratio stands at the high level of 243%.

Company profile

W. P. Carey Inc. is an independent equity real estate investment trust. The firm also provides long-term sale-leaseback and build-to-suit financing for companies. It invests in the real estate markets across the globe. The firm primarily invests in commercial properties that are generally triple-net leased to single corporate tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties. W. P. Carey Inc. was founded in 1973 and is based in New York, New York.

W.P. Carey Inc. REIT (NYSE:WPC) near 52-week low on important volume was last modified: June 5th, 2015 by Jason Seligman