W. P. Carey (NYSE:WPC – Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.820-4.920 for the period, compared to the consensus estimate of 4.860. The company issued revenue guidance of -.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on WPC. UBS Group cut their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Scotiabank decreased their price target on W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. JMP Securities restated a “market perform” rating on shares of W. P. Carey in a research note on Friday, January 10th. Finally, Barclays dropped 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 report on Tuesday, February 4th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.00.
View Our Latest Stock Report on W. P. Carey
W. P. Carey Trading Up 0.8 %
W. P. Carey Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.27%. W. P. Carey’s payout ratio is presently 138.58%.
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.
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