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

W. P. Carey (NYSE:WPC - Get Free Report) is expected to post its Q1 2025 quarterly earnings results 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 Trading Down 0.1 %

Shares of NYSE:WPC traded down $0.09 during mid-day trading on Friday, hitting $60.62. The company had a trading volume of 615,830 shares, compared to its average volume of 1,180,416. The firm has a fifty day moving average price of $61.63 and a 200 day moving average price of $58.12. The company has a market capitalization of $13.27 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. W. P. Carey has a one year low of $52.91 and a one year high of $66.10.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.89 dividend. The ex-dividend date was Monday, March 31st. This represents a $3.56 annualized dividend and a dividend yield of 5.87%. This is a positive change from W. P. Carey's previous quarterly dividend of $0.88. W. P. Carey's payout ratio is currently 170.33%.

Analyst Upgrades and Downgrades

WPC has been the subject of several research reports. JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Barclays lifted their price target on shares of W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a research report on Tuesday, March 4th. Royal Bank of Canada lifted their price target on shares of W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Scotiabank lifted their price target on shares of W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Finally, Evercore ISI lifted their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus 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.