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

Shares of W.P. Carey Inc. (NYSE:WPC) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $67.8889.

Several equities research analysts have commented on the company. Evercore ISI boosted their target price on W.P. Carey from $70.00 to $72.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $72.00 in a research note on Thursday, September 11th. Royal Bank Of Canada upped their target price on shares of W.P. Carey from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Finally, Scotiabank raised their price target on shares of W.P. Carey from $64.00 to $67.00 and gave the company a “sector perform” rating in a research report on Friday, September 5th.

W.P. Carey Price Performance

WPC opened at $67.35 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.19 and a debt-to-equity ratio of 1.02. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 9.57 and a beta of 0.81. The stock has a fifty day simple moving average of $67.45 and a two-hundred day simple moving average of $64.65. W.P. Carey has a 12-month low of $52.91 and a 12-month high of $69.79.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. W.P. Carey had a net margin of 21.75% and a return on equity of 4.40%. The firm had revenue of $431.30 million for the quarter, compared to the consensus estimate of $424.44 million. During the same period in the prior year, the firm earned $1.18 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Research analysts predict that W.P. Carey will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.91 dividend. This is an increase from W.P. Carey’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Tuesday, September 30th. W.P. Carey’s dividend payout ratio (DPR) is presently 220.61%.

Institutional Investors Weigh In On W.P. Carey

Institutional investors have recently modified their holdings of the business. MTM Investment Management LLC bought a new position in W.P. Carey during the 2nd quarter valued at about $28,000. TCTC Holdings LLC raised its holdings in shares of W.P. Carey by 100.8% during the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 242 shares during the last quarter. Headlands Technologies LLC bought a new position in W.P. Carey during the second quarter valued at approximately $30,000. Cheviot Value Management LLC purchased a new stake in W.P. Carey in the first quarter worth approximately $37,000. Finally, V Square Quantitative Management LLC bought a new stake in W.P. Carey in the 2nd quarter worth approximately $40,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

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.