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

W. P. Carey (NYSE:WPC) is expected 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 registering for the company’s earnings conference call can do so using this link.

W. P. Carey Price Performance

NYSE:WPC opened at $55.38 on Tuesday. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.01 and a beta of 0.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. W. P. Carey has a 52 week low of $52.91 and a 52 week high of $64.26. The firm’s 50-day simple moving average is $55.40 and its 200 day simple moving average is $57.74.

W. P. Carey Increases Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on WPC. Barclays restated an “underweight” rating and set a $59.00 price target (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Scotiabank cut their price objective 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. UBS Group cut 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 report on Thursday, November 14th. Finally, JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and a consensus target price of $62.43.

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.