W. P. Carey (NYSE:WPC) Given a $61.00 Price Target at Barclays

W. P. Carey (NYSE:WPC - Get Free Report) has been assigned a $61.00 price target by stock analysts at Barclays in a report released on Wednesday, MarketBeat.com reports. The firm presently has an "underweight" rating on the real estate investment trust's stock. Barclays's target price indicates a potential downside of 0.60% from the stock's previous close.

WPC has been the subject of several other research reports. Royal Bank of Canada lifted their target price on shares of W. P. Carey from $410.00 to $420.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets upgraded shares of W. P. Carey from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $60.00 to $67.00 in a report on Tuesday, February 18th. Evercore ISI lifted their target price on shares of W. P. Carey from $60.00 to $64.00 and gave the company an "in-line" rating in a report on Wednesday, February 19th. UBS Group dropped their target price on shares of W. P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Finally, Wells Fargo & Company lifted their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, W. P. Carey has a consensus rating of "Hold" and a consensus target price of $109.00.

W. P. Carey Trading Up 1.9%

Shares of WPC stock traded up $1.15 during trading on Wednesday, hitting $61.37. 1,398,538 shares of the stock traded hands, compared to its average volume of 1,176,982. The firm has a market capitalization of $13.44 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 1.06 and a beta of 0.78. 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 firm's fifty day moving average price is $60.83 and its 200-day moving average price is $58.56. W. P. Carey has a 52-week low of $52.91 and a 52-week high of $66.10.

W. P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.03). The firm had revenue of $407.44 million for the quarter, compared to analysts' expectations of $412.99 million. W. P. Carey had a net margin of 29.11% and a return on equity of 5.37%. The firm's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. As a group, research analysts forecast that W. P. Carey will post 4.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On W. P. Carey

Institutional investors have recently modified their holdings of the business. IAG Wealth Partners LLC grew its stake in shares of W. P. Carey by 7.0% during the first quarter. IAG Wealth Partners LLC now owns 2,495 shares of the real estate investment trust's stock worth $157,000 after purchasing an additional 163 shares in the last quarter. GF Fund Management CO. LTD. raised its holdings in shares of W. P. Carey by 4.2% in the first quarter. GF Fund Management CO. LTD. now owns 4,145 shares of the real estate investment trust's stock valued at $262,000 after buying an additional 168 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in shares of W. P. Carey by 3.5% in the fourth quarter. DF Dent & Co. Inc. now owns 5,464 shares of the real estate investment trust's stock valued at $298,000 after buying an additional 183 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in shares of W. P. Carey by 2.8% in the first quarter. Crestwood Advisors Group LLC now owns 6,877 shares of the real estate investment trust's stock valued at $434,000 after buying an additional 185 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of W. P. Carey by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock valued at $2,418,000 after buying an additional 193 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

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.