W. P. Carey (NYSE:WPC - Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.67, Zacks reports. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. During the same quarter in the prior year, the company earned $0.51 EPS. W. P. Carey updated its FY 2025 guidance to 4.820-4.920 EPS.
W. P. Carey Price Performance
W. P. Carey stock traded down $0.15 during mid-day trading on Friday, reaching $58.72. 1,337,284 shares of the company's stock traded hands, compared to its average volume of 849,474. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.02 and a beta of 0.97. The stock has a 50 day moving average of $55.44 and a two-hundred day moving average of $57.57. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.88 per share. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a yield of 5.99%. W. P. Carey's dividend payout ratio is presently 138.58%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Barclays lowered their target price on shares of W. P. Carey from $59.00 to $56.00 and set an "underweight" rating on the stock in a report on Tuesday, February 4th. Scotiabank lowered their target price 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. JMP Securities reissued a "market perform" rating on shares of W. P. Carey in a report on Thursday. UBS Group lowered their target price 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, Royal Bank of Canada boosted their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $62.00.
View Our Latest Stock Analysis on W. P. Carey
About W. P. Carey
(
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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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