W.P. Carey Inc. (NYSE:WPC) Receives $77.83 Consensus Target Price from Brokerages

W.P. Carey Inc. (NYSE:WPC) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $77.8333.

WPC has been the subject of a number of research reports. Royal Bank Of Canada lifted their price target on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Scotiabank decreased their price target on W.P. Carey from $79.00 to $76.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $73.00 to $83.00 in a research note on Tuesday, June 16th. Raymond James Financial upgraded W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Tuesday, March 17th. Finally, Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a research note on Thursday, June 18th.

W.P. Carey Stock Up 0.6%

Shares of NYSE WPC opened at $73.05 on Friday. W.P. Carey has a 1 year low of $61.09 and a 1 year high of $76.97. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 2.81 and a beta of 0.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50-day simple moving average is $73.75 and its 200-day simple moving average is $70.78.

W.P. Carey (NYSE:WPC) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The business had revenue of $454.51 million for the quarter, compared to analyst estimates of $430.64 million. During the same period in the previous year, the company earned $1.17 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities analysts anticipate that W.P. Carey will post 5.04 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 5.1%. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date is Tuesday, June 30th. W.P. Carey’s payout ratio is 158.97%.

Insider Buying and Selling

In related news, CAO Brian H. Zander sold 433 shares of W.P. Carey stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the completion of the transaction, the chief accounting officer directly owned 13,882 shares in the company, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On W.P. Carey

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Captrust Financial Advisors boosted its position in shares of W.P. Carey by 9.1% during the third quarter. Captrust Financial Advisors now owns 842,106 shares of the real estate investment trust’s stock worth $56,901,000 after buying an additional 70,572 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of W.P. Carey by 10.8% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 372,212 shares of the real estate investment trust’s stock worth $25,150,000 after buying an additional 36,205 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of W.P. Carey during the fourth quarter worth approximately $41,638,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of W.P. Carey by 372.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 46,644 shares of the real estate investment trust’s stock worth $3,002,000 after buying an additional 36,779 shares during the period. Finally, Swedbank AB boosted its position in shares of W.P. Carey by 124.2% during the fourth quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock worth $8,743,000 after buying an additional 75,253 shares during the period. 73.73% of the stock is currently 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.