W. P. Carey (WPC) Projected to Post Quarterly Earnings on Tuesday

W. P. Carey (NYSE:WPC) is projected to release its earnings data after the market closes on Tuesday, February 11th. Analysts expect W. P. Carey to post earnings of $0.54 per share and revenue of $404.27 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

W. P. Carey Price Performance

Shares of WPC opened at $55.38 on Tuesday. W. P. Carey has a twelve month low of $52.91 and a twelve month high of $64.26. The stock’s 50 day moving average is $55.40 and its two-hundred day moving average is $57.74. The firm has a market capitalization of $12.12 billion, a PE ratio of 21.80, a P/E/G ratio of 1.01 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90.

W. P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.36%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s dividend payout ratio (DPR) is presently 138.58%.

Wall Street Analyst Weigh In

Several analysts have commented on WPC shares. JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. Barclays reissued an “underweight” rating and issued a $59.00 price objective (up from $56.00) on shares of W. P. Carey in a research report on Tuesday, December 17th. UBS Group reduced their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Scotiabank cut their target price on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.43.

About W. P. Carey

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.