W. P. Carey (NYSE:WPC) Issues FY 2025 Earnings Guidance

W. P. Carey (NYSE:WPC) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 4.820-4.920 for the period, compared to the consensus estimate of 4.870. The company issued revenue guidance of -.

W. P. Carey Price Performance

Shares of NYSE:WPC opened at $62.68 on Thursday. The business has a 50-day simple moving average of $60.46 and a two-hundred day simple moving average of $58.42. W. P. Carey has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The firm has a market cap of $13.72 billion, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98.

W. P. Carey Increases Dividend

The company 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 dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 5.68%. 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. W. P. Carey’s dividend payout ratio is 170.33%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WPC. Scotiabank increased their target price on shares of W. P. Carey from $59.00 to $63.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 12th. Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research note on Wednesday, February 19th. BMO Capital Markets upgraded W. P. Carey from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $60.00 to $67.00 in a research note on Tuesday, February 18th. Barclays increased their target price on W. P. Carey from $56.00 to $60.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 4th. Finally, Royal Bank of Canada upped their price target on W. P. Carey from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $63.75.

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.