W.P. Carey Inc. (NYSE:WPC) Announces Quarterly Dividend of $0.93

W.P. Carey Inc. (NYSE:WPC) declared a quarterly dividend on Thursday, March 12th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.93 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.92.

W.P. Carey has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. W.P. Carey has a payout ratio of 136.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect W.P. Carey to earn $4.72 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 78.0%.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $71.69 on Friday. W.P. Carey has a fifty-two week low of $54.24 and a fifty-two week high of $75.69. The company has a market cap of $15.71 billion, a PE ratio of 33.97, a P/E/G ratio of 4.87 and a beta of 0.76. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 1.02. The firm has a 50-day simple moving average of $70.55 and a 200 day simple moving average of $68.10.

W.P. Carey (NYSE:WPC) last issued its earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.02. The business had revenue of $444.55 million for the quarter, compared to the consensus estimate of $433.28 million. W.P. Carey had a net margin of 27.17% and a return on equity of 5.67%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, sell-side analysts anticipate that W.P. Carey will post 4.87 EPS for the current year.

Institutional Trading of W.P. Carey

A number of institutional investors and hedge funds have recently modified their holdings of the business. Laurel Wealth Advisors LLC purchased a new stake in shares of W.P. Carey in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of W.P. Carey in the fourth quarter worth about $26,000. MTM Investment Management LLC bought a new position in W.P. Carey in the second quarter worth approximately $28,000. Olistico Wealth LLC purchased a new stake in shares of W.P. Carey during the fourth quarter valued at about $28,000. Finally, Headlands Technologies LLC acquired a new stake in shares of W.P. Carey in the second quarter valued at approximately $30,000. 73.73% of the stock is owned by institutional investors and hedge funds.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.