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

W. P. Carey (NYSE:WPC) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Tuesday, April 29th. Analysts expect W. P. Carey to post earnings of $1.19 per share and revenue of $412.99 million for the quarter.

W. P. Carey Price Performance

NYSE:WPC opened at $61.37 on Tuesday. The stock has a market capitalization of $13.44 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. W. P. Carey has a 52 week low of $52.91 and a 52 week high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The stock’s 50-day moving average price is $61.48 and its 200-day moving average price is $58.08.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 5.80%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Monday, March 31st. W. P. Carey’s dividend payout ratio is presently 170.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WPC shares. Wells Fargo & Company upped their price objective on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Monday, March 10th. Royal Bank of Canada lifted their price objective on W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and increased their target price for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Evercore ISI lifted their price target on W. P. Carey from $60.00 to $64.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 19th. Finally, JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, W. P. Carey currently has an average rating of “Hold” and an average target price of $63.75.

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.