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

Shares of W.P. Carey Inc. (NYSE:WPC) have been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.1111.

A number of equities analysts have issued reports on WPC shares. JPMorgan Chase & Co. reduced their target price on W.P. Carey from $79.00 to $74.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Royal Bank Of Canada increased their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the company a “sector perform” rating in a research report on Thursday, February 12th. Barclays set a $65.00 price objective on shares of W.P. Carey in a research report on Tuesday, January 13th. Evercore set a $74.00 price objective on W.P. Carey in a research note on Tuesday, February 17th. Finally, Citigroup lifted their price objective on W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th.

Institutional Investors Weigh In On W.P. Carey

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in W.P. Carey by 24.4% during the 2nd quarter. Bank of Montreal Can now owns 44,696 shares of the real estate investment trust’s stock worth $2,788,000 after acquiring an additional 8,754 shares during the last quarter. AE Wealth Management LLC grew its stake in W.P. Carey by 15.7% in the second quarter. AE Wealth Management LLC now owns 10,349 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 1,406 shares in the last quarter. Prospera Financial Services Inc raised its stake in shares of W.P. Carey by 12.5% during the 2nd quarter. Prospera Financial Services Inc now owns 4,606 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 511 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of W.P. Carey by 4.1% in the 2nd quarter. ProShare Advisors LLC now owns 9,708 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 384 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in W.P. Carey by 34.7% during the second quarter. CENTRAL TRUST Co now owns 2,047 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 527 shares in the last quarter. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W.P. Carey Stock Up 0.3%

NYSE WPC opened at $71.69 on Friday. The stock has a market capitalization of $15.71 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 4.87 and a beta of 0.76. W.P. Carey has a 52 week low of $54.24 and a 52 week high of $75.69. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a fifty day moving average of $70.55 and a 200-day moving average of $68.10.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.02. The business had revenue of $444.55 million for the quarter, compared to analysts’ expectations of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. On average, equities research analysts forecast that W.P. Carey will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.92 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, December 31st. This represents a $3.68 annualized dividend and a yield of 5.1%. W.P. Carey’s dividend payout ratio is 174.41%.

W.P. Carey Company Profile

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.