W.P. Carey Inc. (WPC) To Go Ex-Dividend on June 30th

W.P. Carey Inc. (NYSE:WPC) announced a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 30th will be given a dividend of 0.94 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.93.

W.P. Carey has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. W.P. Carey has a dividend payout ratio of 138.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect W.P. Carey to earn $5.20 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 71.5%.

W.P. Carey Stock Up 1.5%

WPC opened at $76.73 on Friday. The firm has a 50 day moving average price of $73.40 and a 200 day moving average price of $70.39. The company has a market cap of $17.09 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 3.23 and a beta of 0.76. W.P. Carey has a 1 year low of $61.09 and a 1 year high of $76.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The firm had revenue of $454.51 million during the quarter, compared to the consensus estimate of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Sell-side analysts expect that W.P. Carey will post 5.04 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Brian H. Zander sold 433 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. DV Trading LLC boosted its holdings in W.P. Carey by 328.6% in the first quarter. DV Trading LLC now owns 3,000 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 2,300 shares during the last quarter. Groupe la Francaise bought a new position in W.P. Carey during the 1st quarter worth approximately $595,000. Arete Wealth Advisors LLC grew its position in shares of W.P. Carey by 2.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 17,524 shares of the real estate investment trust’s stock worth $1,189,000 after acquiring an additional 449 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of W.P. Carey by 2.4% in the 1st quarter. Bank of America Corp DE now owns 1,365,724 shares of the real estate investment trust’s stock valued at $92,815,000 after acquiring an additional 31,476 shares during the last quarter. Finally, Amundi increased its holdings in shares of W.P. Carey by 13.0% in the 1st quarter. Amundi now owns 900,194 shares of the real estate investment trust’s stock valued at $61,177,000 after acquiring an additional 103,884 shares during the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.