W.P. Carey Inc. REIT (NYSE:WPC) announced a quarterly dividend on Wednesday, December 6th, RTT News reports. Stockholders of record on Friday, December 29th will be paid a dividend of 1.01 per share by the real estate investment trust on Tuesday, January 16th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 5.76%. This is a boost from W.P. Carey Inc. REIT’s previous quarterly dividend of $1.01.

W.P. Carey Inc. REIT has raised its dividend by an average of 7.1% per year over the last three years and has raised its dividend annually for the last 16 consecutive years. W.P. Carey Inc. REIT has a dividend payout ratio of 89.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect W.P. Carey Inc. REIT to earn $4.61 per share next year, which means the company should continue to be able to cover its $4.02 annual dividend with an expected future payout ratio of 87.2%.

Shares of W.P. Carey Inc. REIT (NYSE WPC) traded down $0.91 during trading on Wednesday, hitting $70.10. 193,600 shares of the stock were exchanged, compared to its average volume of 311,530. W.P. Carey Inc. REIT has a 12 month low of $57.58 and a 12 month high of $72.41. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.35 and a current ratio of 0.35. The company has a market cap of $7,591.64, a P/E ratio of 13.60, a PEG ratio of 3.95 and a beta of 0.94.

W.P. Carey Inc. REIT (NYSE:WPC) last issued its quarterly earnings results on Friday, November 3rd. The real estate investment trust reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.21. W.P. Carey Inc. REIT had a net margin of 31.28% and a return on equity of 7.25%. The company had revenue of $210.00 million during the quarter, compared to the consensus estimate of $212.72 million. During the same quarter in the prior year, the firm posted $1.34 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. equities analysts predict that W.P. Carey Inc. REIT will post 4.49 earnings per share for the current year.

A number of analysts have recently weighed in on WPC shares. BidaskClub downgraded shares of W.P. Carey Inc. REIT from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 10th. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey Inc. REIT in a report on Friday, September 1st. ValuEngine raised shares of W.P. Carey Inc. REIT from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Robert W. Baird began coverage on shares of W.P. Carey Inc. REIT in a research note on Wednesday, October 18th. They issued an “outperform” rating and a $77.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of W.P. Carey Inc. REIT from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. W.P. Carey Inc. REIT has an average rating of “Hold” and a consensus price target of $70.00.

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W.P. Carey Inc. REIT Company Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Dividend History for W.P. Carey Inc. REIT (NYSE:WPC)

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