W. P. Carey Inc. (NYSE:WPC) Given Average Recommendation of "Hold" by Brokerages

Shares of W. P. Carey Inc. (NYSE:WPC - Get Free Report) have been given a consensus recommendation of "Hold" by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $109.00.

WPC has been the topic of a number of research reports. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $60.00 to $67.00 in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price objective on W. P. Carey from $58.00 to $66.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Scotiabank increased their price objective on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 12th. Finally, Barclays increased their price objective on W. P. Carey from $60.00 to $61.00 and gave the company an "underweight" rating in a research note on Wednesday.

Institutional Trading of W. P. Carey

Hedge funds and other institutional investors have recently bought and sold shares of the business. von Borstel & Associates Inc. acquired a new stake in W. P. Carey in the first quarter valued at $26,000. National Pension Service acquired a new stake in W. P. Carey in the fourth quarter valued at $25,000. TCTC Holdings LLC raised its stake in W. P. Carey by 100.8% in the first quarter. TCTC Holdings LLC now owns 482 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 242 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in W. P. Carey in the first quarter valued at $37,000. Finally, Millstone Evans Group LLC acquired a new stake in W. P. Carey in the fourth quarter valued at $37,000. 73.73% of the stock is currently owned by institutional investors and hedge funds.

W. P. Carey Trading Down 0.3%

NYSE:WPC traded down $0.15 during trading hours on Friday, reaching $60.21. 1,401,510 shares of the stock were exchanged, compared to its average volume of 1,175,322. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average of $60.84 and a two-hundred day moving average of $58.52. W. P. Carey has a twelve month low of $52.91 and a twelve month high of $66.10. The company has a market capitalization of $13.18 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 1.06 and a beta of 0.78.

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 analysts' consensus estimates of $1.20 by ($0.03). W. P. Carey had a return on equity of 5.37% and a net margin of 29.11%. The firm had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. During the same quarter last year, the company earned $1.14 earnings per share. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities analysts predict that W. P. Carey will post 4.87 EPS for the current year.

W. P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.89 dividend. The ex-dividend date was Monday, March 31st. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. This represents a $3.56 dividend on an annualized basis and a yield of 5.91%. W. P. Carey's dividend payout ratio (DPR) is currently 183.51%.

About W. P. Carey

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.