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

W. P. Carey (NYSE:WPC) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $1.21 EPS 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 Price Performance

Shares of WPC traded up $0.43 during mid-day trading on Tuesday, reaching $56.16. 1,152,148 shares of the stock traded hands, compared to its average volume of 931,652. The firm has a fifty day moving average price of $55.28 and a 200 day moving average price of $57.63. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.02 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. W. P. Carey has a 1 year low of $52.91 and a 1 year high of $64.26.

W. P. Carey Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group lowered 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 report on Thursday, November 14th. Scotiabank lowered their price target 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. Barclays lowered their price target on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, February 4th. Finally, JMP Securities reissued a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, W. P. Carey currently 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.