W.P. Carey (NYSE:WPC) Posts Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• W.P. Carey reported earnings of $1.28 EPS for the quarter, surpassing analysts' estimates by $0.05, and updated its FY 2025 guidance to between $4.870 and $4.950 EPS.
• The company announced an increase in its quarterly dividend to $0.90 per share, reflecting an annualized dividend of $3.60 and a yield of 5.57%.
• Equity analysts maintain a consensus rating of "Hold" for W.P. Carey stock, with an average target price of $104.22 despite varying ratings from different firms.

W.P. Carey (NYSE:WPC - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.05, Zacks reports. W.P. Carey had a net margin of 26.66% and a return on equity of 5.02%. W.P. Carey updated its FY 2025 guidance to 4.870-4.950 EPS.

W.P. Carey Stock Performance

Shares of WPC stock traded up $0.66 during trading on Tuesday, reaching $64.69. 2,054,324 shares of the company's stock traded hands, compared to its average volume of 1,232,349. The firm's 50-day moving average is $62.73 and its 200 day moving average is $60.94. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $14.17 billion, a P/E ratio of 33.35, a PEG ratio of 6.35 and a beta of 0.78. W.P. Carey has a 1 year low of $52.91 and a 1 year high of $66.10.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.90 per share. This is an increase from W.P. Carey's previous quarterly dividend of $0.89. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Monday, June 30th. W.P. Carey's dividend payout ratio is currently 185.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on WPC shares. Barclays set a $61.00 price objective on shares of W.P. Carey and gave the stock an "underweight" rating in a research note on Wednesday, May 21st. Evercore ISI increased their price objective on shares of W.P. Carey from $65.00 to $66.00 and gave the stock an "in-line" rating in a research note on Wednesday, July 2nd. BNP Paribas set a $66.00 price objective on shares of W.P. Carey and gave the stock a "neutral" rating in a research note on Monday, June 9th. Royal Bank Of Canada increased their price objective on shares of W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, BNP Paribas Exane upgraded shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 target price for the company in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $104.22.

W.P. Carey Company Profile

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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