W. P. Carey (WPC) Projected to Post Quarterly Earnings on Tuesday

W. P. Carey (NYSE:WPC) is projected to announce its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $404.27 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

W. P. Carey Price Performance

Shares of W. P. Carey stock opened at $56.08 on Monday. The firm has a market cap of $12.27 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. The firm’s 50-day simple moving average is $55.29 and its 200-day simple moving average is $57.65. W. P. Carey has a twelve month low of $52.91 and a twelve month high of $64.26. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 6.28%. This is an increase from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. W. P. Carey’s payout ratio is presently 138.58%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WPC. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research report on Friday, January 10th. Barclays cut their price objective on W. P. Carey from $59.00 to $56.00 and set an “underweight” rating for the company 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. Finally, UBS Group cut their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.00.

About W. P. Carey

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.