W. P. Carey (NYSE:WPC – Get Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. W. P. Carey has set its FY24 guidance at $4.65-4.75 EPS and its FY 2024 guidance at 4.650-4.750 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
W. P. Carey (NYSE:WPC – Get Free Report) last posted its quarterly earnings data on Friday, February 9th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.52 by $0.14. W. P. Carey had a return on equity of 7.78% and a net margin of 40.68%. The firm had revenue of $410.38 million during the quarter, compared to the consensus estimate of $413.04 million. During the same period in the prior year, the company earned $1.29 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, analysts expect W. P. Carey to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
W. P. Carey Stock Up 0.0 %
NYSE WPC opened at $56.22 on Tuesday. The business has a fifty day moving average price of $56.05 and a 200 day moving average price of $58.80. W. P. Carey has a one year low of $51.36 and a one year high of $74.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $12.30 billion, a P/E ratio of 17.04, a P/E/G ratio of 0.45 and a beta of 0.86.
W. P. Carey Increases Dividend
Wall Street Analyst Weigh In
WPC has been the subject of several recent research reports. Raymond James downgraded W. P. Carey from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Royal Bank of Canada cut their target price on W. P. Carey from $68.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Barclays began coverage on W. P. Carey in a research note on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Scotiabank cut their target price on W. P. Carey from $62.00 to $60.00 and set a “sector perform” rating for the company in a research note on Monday, March 4th. Finally, StockNews.com began coverage on W. P. Carey in a research note on Thursday, January 4th. They issued a “hold” rating for the company. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, W. P. Carey currently has an average rating of “Hold” and an average target price of $63.36.
Check Out Our Latest Research Report on WPC
About W. P. Carey
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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