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

W. P. Carey (NYSE:WPC - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Tuesday, April 29th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $412.99 million for the quarter.

W. P. Carey Stock Performance

NYSE WPC traded down $0.09 during trading on Friday, reaching $60.62. The company's stock had a trading volume of 615,830 shares, compared to its average volume of 1,180,364. The firm has a market capitalization of $13.27 billion, a price-to-earnings ratio of 29.00, 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 current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $61.63 and a 200 day moving average price of $58.14.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 5.87%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Monday, March 31st. W. P. Carey's dividend payout ratio (DPR) is 170.33%.

Analyst Upgrades and Downgrades

WPC has been the subject of a number of research analyst reports. Barclays boosted their price target on W. P. Carey from $56.00 to $60.00 and gave the stock an "underweight" rating in a report on Tuesday, March 4th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. Evercore ISI raised their target price on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Royal Bank of Canada boosted their price target on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $60.00 to $67.00 in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.75.

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.