W. P. Carey (WPC) Expected to Announce Quarterly Earnings on Tuesday

W. P. Carey (NYSE:WPCGet Free Report) is expected to post its quarterly earnings results 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. Individual that are interested in participating in the company’s conference call can do so using this link.

W. P. Carey Trading Down 0.0 %

Shares of WPC opened at $56.08 on Monday. The stock’s fifty day simple moving average is $55.29 and its 200-day simple moving average is $57.65. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $12.27 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. W. P. Carey has a 12-month low of $52.91 and a 12-month high of $64.26.

W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a yield of 6.28%. W. P. Carey’s dividend payout ratio is presently 138.58%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WPC. JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. UBS Group lowered their target price on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Scotiabank cut their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Finally, Barclays reduced their price target on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, W. P. Carey currently has an average rating of “Hold” and a consensus price target of $62.00.

Check Out Our Latest Report on WPC

About W. P. Carey

(Get Free Report)

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.

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Earnings History for W. P. Carey (NYSE:WPC)

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