W.P. Carey REIT (WPC) Releases Earnings Results, Beats Expectations By $0.24 EPS

W.P. Carey REIT (WPC) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $1.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.24. Analysts had a consensus of $1.07. The company posted revenue of $244.20 million in the period, compared to analysts expectations of $233.70 million. During the same quarter in the previous year, the company posted $1.22 EPS.

Many Wall Street Analysts have commented on W.P. Carey REIT. W.P. Carey REIT was Downgraded by CapitalOne to ” Equal Weight” on Feb 11, 2016. W.P. Carey REIT was Downgraded by Ladenburg Thalmann to ” Neutral” on Feb 11, 2016.

W.P. Carey REIT opened for trading at $61.3 and hit $62.57 on the upside on Wednesday, eventually ending the session at $62.48, with a gain of 1.43% or 0.88 points. The heightened volatility saw the trading volume jump to 2,97,738 shares. Company has a market cap of $6,531 M.

In a different news, on Dec 18, 2015, Thomas E Zacharias (Chief Operating Officer) sold 17,000 shares at $60.03 per share price. According to the SEC, on Dec 18, 2015, Nathaniel S Coolidge (director) sold 757 shares at $60.92 per share price. On Dec 10, 2015, Trevor P Bond (CEO) sold 1,998 shares at $61.08 per share price, according to the Form-4 filing with the securities and exchange commission.

W.P. Carey  REIT

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