W. P. Carey (NYSE:WPC) Posts Earnings Results, Beats Expectations By $0.67 EPS

W. P. Carey (NYSE:WPC) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates 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%. W. P. Carey updated its FY 2025 guidance to 4.820-4.920 EPS.

W. P. Carey Trading Up 0.8 %

WPC stock traded up $0.43 during midday trading on Tuesday, hitting $56.16. 1,151,774 shares of the company’s stock were exchanged, compared to its average volume of 931,652. The business has a 50-day simple moving average of $55.28 and a two-hundred day simple moving average of $57.63. W. P. Carey has a 1-year low of $52.91 and a 1-year high of $64.26. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $12.29 billion, a PE ratio of 22.11, a P/E/G ratio of 1.02 and a beta of 0.97.

W. P. Carey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 6.27%. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s dividend payout ratio is presently 138.58%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WPC. UBS Group decreased their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Scotiabank dropped their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. Finally, 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 research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, W. P. Carey presently has an average rating of “Hold” and a consensus target price of $62.00.

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.