W.P. Carey's Tough 2024 Sets Up Good Years in 2025 and Beyond [Yahoo! Finance]
W. P. Carey Inc. REIT (WPC)
Last w. p. carey inc. reit earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
wpcarey.com/investor-relations
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Source: Yahoo! Finance
For this real estate investment trust (REIT), it was about setting the stage for a brighter future. Indeed, that bad 2024 should make you want to buy W.P. Carey stock even more. Essentially, the first thing that greeted W.P. Carey investors in 2024 was a dividend cut. Not only that, but the cut occurred after 24 consecutive annual dividend increases. So, just on the cusp of the REIT reaching a major milestone, management and the board chose to trim the dividend. That's not a good look but there's more to understand here. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » One of the biggest things is that management started hiking the payout again in the quarter after the cut. Further, it kept boosting it in every subsequent quarter, which is the same cadence for increases that the company had followed before the cut. That makes the dividend cut look more like a dividend reset, which is really what it was. But why reset the
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WPC
News
- W. P. Carey Inc. (NYSE: WPC) had its "underweight" rating re-affirmed by analysts at Barclays PLC. They now have a $59.00 price target on the stock, up previously from $56.00.MarketBeat
- W. P. Carey Inc. (NYSE: WPC) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- This More Than 6%-Yielding Dividend Stock Continues to Rebuild Its Payout [Yahoo! Finance]Yahoo! Finance
- W. P. Carey: No Pain, No Gain - Dividend Story Remains Rich [Seeking Alpha]Seeking Alpha
- 2 No-Brainer Dividend Stocks to Buy Right Now for Less Than $500 [Yahoo! Finance]Yahoo! Finance
WPC
Earnings
- 10/29/24 - Miss
WPC
Sec Filings
- 12/4/24 - Form 4
- 11/22/24 - Form 4
- 11/19/24 - Form 8-K
- WPC's page on the SEC website