W. P. Carey (WPC) Plans Quarterly Dividend of $0.86
W. P. Carey (NYSE:WPC) declared a quarterly dividend on Thursday, September 19th, Analyst Ratings.Net reports. Stockholders of record on Monday, September 30th will be given a dividend of $0.86 per share on Tuesday, October 15th. This represents a $3.44 dividend on an annualized basis and a yield of 5.19%.
A number of research firms have recently commented on WPC. Analysts at BMO Capital Markets initiated coverage on shares of W. P. Carey (NYSE:WPC) in a research note to investors on Wednesday, September 11th. They set an “outperform” rating and a $74.00 price target on the stock. Analysts at Zacks upgraded shares of W. P. Carey (NYSE:WPC) from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 1st. They now have a $72.60 price target on the stock.
Shares of W. P. Carey (NYSE:WPC) traded down 0.83% on Thursday, hitting $65.68. The stock had a trading volume of 148,562 shares. W. P. Carey has a 1-year low of $45.94 and a 1-year high of $79.34. The stock has a 50-day moving average of $66.53 and a 200-day moving average of $67.99. The company has a market cap of $4.482 billion and a P/E ratio of 55.19.
W. P. Carey (NYSE:WPC) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.36 by $0.69. The company had revenue of $103.60 million for the quarter, compared to the consensus estimate of $46.60 million. On average, analysts predict that W. P. Carey will post $2.56 earnings per share for the current fiscal year.
In other W. P. Carey news, major shareholder H Augustus Carey sold 1,083,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $65.00, for a total value of $70,395,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio.
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