W.P. Carey Inc. (NYSE:WPC) Receives Average Rating of “Hold” from Analysts

W.P. Carey Inc. (NYSE:WPC) has been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $67.2222.

A number of analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of W.P. Carey from $66.00 to $70.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. BNP Paribas Exane upgraded shares of W.P. Carey from an “underperform” rating to a “neutral” rating and set a $66.00 target price on the stock in a research report on Monday, June 9th. BNP Paribas set a $66.00 target price on shares of W.P. Carey and gave the stock a “neutral” rating in a research report on Monday, June 9th. Royal Bank Of Canada raised their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Scotiabank increased their price target on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Friday, September 5th.

Hedge Funds Weigh In On W.P. Carey

Large investors have recently bought and sold shares of the stock. von Borstel & Associates Inc. purchased a new position in W.P. Carey during the first quarter worth approximately $26,000. MTM Investment Management LLC purchased a new position in W.P. Carey during the second quarter worth approximately $28,000. Headlands Technologies LLC purchased a new position in shares of W.P. Carey in the 2nd quarter valued at $30,000. TCTC Holdings LLC raised its stake in shares of W.P. Carey by 100.8% in the 1st quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 242 shares during the period. Finally, Cheviot Value Management LLC purchased a new position in shares of W.P. Carey in the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 73.73% of the company’s stock.

W.P. Carey Stock Up 0.9%

Shares of NYSE WPC opened at $67.71 on Friday. W.P. Carey has a 1 year low of $52.91 and a 1 year high of $69.00. The firm’s 50 day moving average price is $65.82 and its 200 day moving average price is $63.17. The firm has a market cap of $14.83 billion, a P/E ratio of 44.55, a price-to-earnings-growth ratio of 9.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.05. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The firm had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. During the same quarter last year, the business earned $1.17 earnings per share. W.P. Carey’s revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, sell-side analysts anticipate that W.P. Carey will post 4.87 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.91 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 30th. W.P. Carey’s payout ratio is 239.47%.

W.P. Carey Company Profile

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.