Gold prices edge up amid Fed rate cut hopes; US-Russia talks awaited
W P Carey Inc (NYSE:WPC) stock reached a significant milestone, hitting a 52-week high of 66.36 USD. The company, with a market capitalization of $14.24 billion, has demonstrated impressive momentum with a 22.22% year-to-date return, according to InvestingPro data. This achievement reflects a robust performance over the past year, marked by a 14.86% increase in its stock price. The real estate investment trust, known for its diversified portfolio of properties, has demonstrated resilience and growth amid market fluctuations, maintaining an impressive 92.56% gross profit margin. With a low beta of 0.8 and a consistent 28-year dividend payment history yielding 5.56%, investors have shown confidence in the company’s strategic initiatives and strong financial health, contributing to this upward trajectory. As W P Carey continues to expand its operations, market watchers will be keen to see if the stock can maintain its momentum and potentially reach new heights. Discover more insights and 7 additional ProTips for WPC with InvestingPro’s comprehensive research report.
In other recent news, W.P. Carey Inc. reported its first-quarter 2025 earnings, revealing mixed results. The company’s revenue exceeded expectations at $409.9 million, surpassing the anticipated $388.95 million. However, earnings per share fell short, with the company reporting $0.57 against a forecast of $0.61. Additionally, W.P. Carey completed a public offering of $400 million in senior notes due 2030, with an interest rate of 4.650%. The proceeds are intended for repaying certain debts and general corporate purposes. Citizens JMP maintained its Market Perform rating for W.P. Carey, highlighting its effective balance sheet management. Furthermore, the company announced an increase in its quarterly cash dividend to $0.900 per share, an annualized rate of $3.60. These developments reflect W.P. Carey’s ongoing financial strategies and market activities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.