Brokerages Set W.P. Carey Inc. (NYSE:WPC) Target Price at $77.83

Shares of W.P. Carey Inc. (NYSE:WPC) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $77.8333.

A number of research analysts have commented on the company. Wells Fargo & Company increased their target price on W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Citigroup reiterated a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. BMO Capital Markets dropped their price target on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada raised their price objective 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. Finally, UBS Group set a $76.00 price objective on shares of W.P. Carey in a report on Thursday, June 18th.

W.P. Carey Price Performance

WPC opened at $75.87 on Thursday. The company has a 50-day moving average of $73.42 and a 200-day moving average of $71.55. The company has a market capitalization of $16.90 billion, a P/E ratio of 32.42, a PEG ratio of 2.93 and a beta of 0.76. W.P. Carey has a 1-year low of $61.19 and a 1-year high of $76.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping the consensus estimate of $0.61 by $0.69. The business had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. Equities analysts expect that W.P. Carey will post 5.06 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Tuesday, June 30th. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. W.P. Carey’s payout ratio is 160.68%.

Insider Activity at W.P. Carey

In other news, CAO Brian H. Zander sold 433 shares of W.P. Carey stock in a transaction dated Wednesday, May 6th. The shares were 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 of the company’s stock, valued at approximately $1,027,268. The trade was a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On W.P. Carey

A number of large investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC bought a new stake in shares of W.P. Carey in the 4th quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in W.P. Carey during the 4th quarter valued at approximately $26,000. Olistico Wealth LLC bought a new position in W.P. Carey during the 4th quarter worth $28,000. Osbon Capital Management LLC bought a new position in W.P. Carey during the 4th quarter worth $29,000. Finally, Headlands Technologies LLC acquired a new stake in W.P. Carey in the second quarter worth $30,000. Institutional investors own 73.73% of the company’s stock.

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.