W. P. Carey (NYSE:WPC - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 4.820-4.920 for the period, compared to the consensus EPS estimate of 4.870. The company issued revenue guidance of -.
W. P. Carey Stock Down 4.3 %
W. P. Carey stock traded down $2.52 during trading hours on Monday, hitting $56.63. The stock had a trading volume of 678,681 shares, compared to its average volume of 1,271,053. The stock's 50-day moving average price is $60.66 and its 200-day moving average price is $58.33. The stock has a market capitalization of $12.40 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 1.06 and a beta of 0.81. W. P. Carey has a 12-month low of $52.91 and a 12-month high of $66.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95.
W. P. Carey Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.89 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 annualized dividend and a yield of 6.29%. W. P. Carey's dividend payout ratio is 170.33%.
Analyst Ratings Changes
WPC has been the subject of several recent analyst reports. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Royal Bank of Canada boosted their target price on W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Evercore ISI raised 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 report on Wednesday, February 19th. BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Finally, Barclays increased their price objective 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $63.75.
Check Out Our Latest Report on WPC
W. P. Carey Company Profile
(
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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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