W. P. Carey (WPC) Set to Announce Quarterly Earnings on Friday

W. P. Carey (NYSE:WPCGet Free Report) will be posting its 12/31/2023 quarterly earnings results before the market opens on Friday, February 9th. Analysts expect W. P. Carey to post earnings of $1.16 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

W. P. Carey Stock Up 1.2 %

WPC opened at $60.66 on Wednesday. W. P. Carey has a 12 month low of $51.36 and a 12 month high of $85.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.12 and a quick ratio of 0.12. The stock has a market cap of $13.26 billion, a P/E ratio of 16.66, a P/E/G ratio of 7.79 and a beta of 0.89. The stock’s 50 day moving average price is $64.40 and its 200 day moving average price is $61.51.

W. P. Carey Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 5.67%. The ex-dividend date was Thursday, December 28th. W. P. Carey’s dividend payout ratio is currently 94.51%.

Institutional Investors Weigh In On W. P. Carey

Large investors have recently modified their holdings of the stock. Fairfield Bush & CO. acquired a new stake in shares of W. P. Carey in the first quarter worth $26,000. American Century Companies Inc. acquired a new stake in shares of W. P. Carey in the first quarter worth $488,000. Natixis Advisors L.P. acquired a new stake in shares of W. P. Carey in the first quarter worth $1,016,000. Acadian Asset Management LLC acquired a new stake in shares of W. P. Carey in the first quarter worth $26,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of W. P. Carey during the first quarter worth $305,000. 62.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on WPC shares. JMP Securities cut W. P. Carey from an “outperform” rating to a “market perform” rating in a research report on Monday, November 13th. Raymond James raised their target price on W. P. Carey from $63.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. StockNews.com began coverage on W. P. Carey in a research report on Thursday, January 4th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada lifted their price target on W. P. Carey from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $66.60.

View Our Latest Analysis on WPC

W. P. Carey Company Profile

(Get Free Report)

Celebrating its 50th anniversary, 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 1,413 net lease properties covering approximately 171 million square feet and a portfolio of 86 self-storage operating properties, pro forma for the Spin-Off of NLOP, as of September 30, 2023.

See Also

Earnings History for W. P. Carey (NYSE:WPC)

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