W. P. Carey (NYSE:WPC – Get Free Report) will be posting its quarterly earnings results before the market opens on Friday, February 9th. Analysts expect W. P. Carey to post earnings of $1.16 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
W. P. Carey Price Performance
Shares of NYSE WPC opened at $62.69 on Friday. W. P. Carey has a fifty-two week low of $51.36 and a fifty-two week high of $85.64. The company has a 50 day simple moving average of $64.35 and a two-hundred day simple moving average of $61.85. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 7.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.12 and a current ratio of 0.12.
W. P. Carey Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Thursday, December 28th. W. P. Carey’s dividend payout ratio is 94.51%.
Wall Street Analyst Weigh In
Institutional Trading of W. P. Carey
Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in W. P. Carey in the 1st quarter worth approximately $26,000. Fairfield Bush & CO. purchased a new position in shares of W. P. Carey in the first quarter worth $26,000. Quarry LP lifted its holdings in shares of W. P. Carey by 438.5% in the second quarter. Quarry LP now owns 420 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 342 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in W. P. Carey during the fourth quarter valued at $32,000. Finally, Cornerstone Planning Group LLC purchased a new position in W. P. Carey during the second quarter valued at $39,000. 62.62% of the stock is owned by hedge funds and other institutional investors.
About W. P. Carey
Celebrating its 50th anniversary, 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 1,413 net lease properties covering approximately 171 million square feet and a portfolio of 86 self-storage operating properties, pro forma for the Spin-Off of NLOP, as of September 30, 2023.
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