W.P. Carey Inc. (WPC) To Go Ex-Dividend on March 31st

W.P. Carey Inc. (NYSE:WPC) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.93 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.92.

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 every year for the last 2 years. W.P. Carey has a 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 $4.72 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 78.8%.

W.P. Carey Price Performance

W.P. Carey stock opened at $67.61 on Friday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $14.82 billion, a PE ratio of 32.04, a P/E/G ratio of 4.60 and a beta of 0.76. W.P. Carey has a 12 month low of $54.24 and a 12 month high of $75.69. The stock has a 50-day moving average price of $71.05 and a two-hundred day moving average price of $68.27.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. During the same period last year, the firm posted $1.21 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Analysts expect that W.P. Carey will post 4.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WPC. Weiss Ratings reissued a “hold (c)” rating on shares of W.P. Carey in a report on Wednesday, January 21st. UBS Group lifted their price target on shares of W.P. Carey from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, March 9th. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 17th. Royal Bank Of Canada increased their price objective on W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, February 12th. Finally, Evercore set a $74.00 target price on W.P. Carey in a research report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.90.

W.P. Carey Company Profile

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.