Advertisement
Singapore markets closed
  • Straits Times Index

    3,447.56
    -23.60 (-0.68%)
     
  • Nikkei

    40,063.79
    -62.56 (-0.16%)
     
  • Hang Seng

    17,417.68
    -360.73 (-2.03%)
     
  • FTSE 100

    8,155.72
    -49.17 (-0.60%)
     
  • Bitcoin USD

    66,927.89
    +350.58 (+0.53%)
     
  • CMC Crypto 200

    1,383.37
    +52.47 (+3.94%)
     
  • S&P 500

    5,505.00
    -39.59 (-0.71%)
     
  • Dow

    40,287.53
    -377.49 (-0.93%)
     
  • Nasdaq

    17,726.94
    -144.28 (-0.81%)
     
  • Gold

    2,402.80
    -53.60 (-2.18%)
     
  • Crude Oil

    80.25
    -2.57 (-3.10%)
     
  • 10-Yr Bond

    4.2390
    +0.0500 (+1.19%)
     
  • FTSE Bursa Malaysia

    1,636.55
    +2.74 (+0.17%)
     
  • Jakarta Composite Index

    7,294.50
    -26.58 (-0.36%)
     
  • PSE Index

    6,791.69
    +86.68 (+1.29%)
     

W.P. Carey (WPC) Stock Sinks As Market Gains: What You Should Know

W.P. Carey (WPC) closed the most recent trading day at $56.66, moving -1.77% from the previous trading session. This change lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.

Coming into today, shares of the real estate investment trust had lost 10.37% in the past month. In that same time, the Finance sector gained 0.59%, while the S&P 500 lost 1.38%.

Wall Street will be looking for positivity from W.P. Carey as it approaches its next earnings report date. In that report, analysts expect W.P. Carey to post earnings of $1.34 per share. This would mark a year-over-year decline of 1.47%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $459.02 million, up 19.65% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.36 per share and revenue of $1.81 billion, which would represent changes of +1.32% and +22.16%, respectively, from the prior year.

ADVERTISEMENT

It is also important to note the recent changes to analyst estimates for W.P. Carey. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. W.P. Carey is currently sporting a Zacks Rank of #4 (Sell).

Digging into valuation, W.P. Carey currently has a Forward P/E ratio of 10.76. For comparison, its industry has an average Forward P/E of 10.45, which means W.P. Carey is trading at a premium to the group.

Investors should also note that WPC has a PEG ratio of 6.22 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.31 at yesterday's closing price.

The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 27% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow WPC in the coming trading sessions, be sure to utilize Zacks.com.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

W.P. Carey Inc. (WPC) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research