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W. P. Carey (NYSE:WPC) Rating Reiterated by Bank of America

Tuesday, April 13, 2021 | MarketBeat

W. P. Carey (NYSE:WPC)'s stock had its "underperform" rating reissued by Bank of America in a report released on Tuesday, Benzinga reports.

Separately, Zacks Investment Research raised shares of W. P. Carey from a "sell" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. W. P. Carey has a consensus rating of "Hold" and a consensus price target of $76.00.

W. P. Carey stock traded up $0.42 during midday trading on Tuesday, hitting $71.67. 10,380 shares of the company's stock were exchanged, compared to its average volume of 1,124,865. W. P. Carey has a 12-month low of $52.22 and a 12-month high of $76.12. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 36.22 and a beta of 0.72. The firm's 50 day simple moving average is $69.77 and its 200 day simple moving average is $68.42.

W. P. Carey (NYSE:WPC) last issued its earnings results on Thursday, February 11th. The real estate investment trust reported $0.76 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.15 by ($0.39). The firm had revenue of $307.40 million during the quarter, compared to analysts' expectations of $297.15 million. W. P. Carey had a net margin of 28.17% and a return on equity of 4.98%. The firm's revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, equities research analysts forecast that W. P. Carey will post 4.58 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Manchester Financial Inc. acquired a new position in shares of W. P. Carey during the 4th quarter valued at $28,000. Alpha DNA Investment Management LLC acquired a new stake in W. P. Carey in the 4th quarter valued at $28,000. Selective Wealth Management Inc. purchased a new position in W. P. Carey in the first quarter valued at about $31,000. Huntington National Bank lifted its stake in shares of W. P. Carey by 122.2% during the fourth quarter. Huntington National Bank now owns 500 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 275 shares in the last quarter. Finally, North Star Investment Management Corp. acquired a new position in shares of W. P. Carey during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 62.16% of the company's stock.

W. P. Carey Company Profile

W.P. Carey, Inc operates as a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments.

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