W. P. Carey (NYSE:WPC) Stock Price Expected to Rise, Barclays Analyst Says

W. P. Carey (NYSE:WPC) had its price target hoisted by equities researchers at Barclays from $60.00 to $61.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 1.32% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets raised W. P. Carey from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. UBS Group reduced their price target on W. P. Carey from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Royal Bank of Canada lifted their price target on W. P. Carey from $410.00 to $420.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Evercore ISI lifted their price target on W. P. Carey from $60.00 to $64.00 and gave the company an “in-line” rating in a research report on Wednesday, February 19th. Finally, Scotiabank lifted their price target on W. P. Carey from $59.00 to $63.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, W. P. Carey has a consensus rating of “Hold” and an average target price of $109.00.

W. P. Carey Trading Down 0.3%

Shares of NYSE WPC opened at $60.21 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $13.18 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. W. P. Carey has a 1-year low of $52.91 and a 1-year high of $66.10. The business has a fifty day moving average price of $60.84 and a 200 day moving average price of $58.52.

W. P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.03). W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The business had revenue of $407.44 million during the quarter, compared to analysts’ expectations of $412.99 million. During the same quarter last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts expect that W. P. Carey will post 4.87 EPS for the current fiscal year.

Institutional Trading of W. P. Carey

Large investors have recently made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of W. P. Carey by 9.5% in the 4th quarter. Park Avenue Securities LLC now owns 6,443 shares of the real estate investment trust’s stock valued at $351,000 after buying an additional 560 shares during the period. HB Wealth Management LLC lifted its holdings in shares of W. P. Carey by 21.8% in the 4th quarter. HB Wealth Management LLC now owns 15,266 shares of the real estate investment trust’s stock valued at $832,000 after buying an additional 2,732 shares during the period. Ameritas Advisory Services LLC lifted its holdings in shares of W. P. Carey by 4.8% in the 4th quarter. Ameritas Advisory Services LLC now owns 15,826 shares of the real estate investment trust’s stock valued at $862,000 after buying an additional 726 shares during the period. UMB Bank n.a. lifted its holdings in shares of W. P. Carey by 33.8% in the 4th quarter. UMB Bank n.a. now owns 1,930 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 488 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of W. P. Carey by 8.5% in the 4th quarter. Ballentine Partners LLC now owns 7,131 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 559 shares during the period. 73.73% of the stock is owned by institutional investors and hedge funds.

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.