W.P. Carey Inc Plans Quarterly Dividend of $0.90 (WPC)
W.P. Carey (NYSE:WPC) announced a quarterly dividend on Thursday, June 19th, Analyst Ratings News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.90 per share on Tuesday, July 15th. This represents a $3.60 annualized dividend and a dividend yield of 5.53%.
WPC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of W.P. Carey from a “neutral” rating to an “outperform” rating in a research note on Monday, June 2nd. They now have a $72.60 price target on the stock. Finally, analysts at Capital One Financial Corp. initiated coverage on shares of W.P. Carey in a research note on Thursday, April 3rd. They set an “equal weight” rating and a $64.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $71.90.
W.P. Carey (NYSE:WPC) traded up 0.87% during mid-day trading on Thursday, hitting $65.05. 422,876 shares of the company’s stock traded hands. W.P. Carey has a 52 week low of $55.23 and a 52 week high of $72.19. The stock’s 50-day moving average is $62.73 and its 200-day moving average is $61.77. The company has a market cap of $6.463 billion and a price-to-earnings ratio of 24.51.
W.P. Carey (NYSE:WPC) last released its earnings data on Thursday, May 8th. The company reported $1.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.58. The company had revenue of $163.40 million for the quarter, compared to the consensus estimate of $123.35 million. Analysts expect that W.P. Carey will post $1.51 EPS for the current fiscal year.
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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