W. P. Carey Inc. (NYSE:WPC) Receives $100.40 Average PT from Analysts

Shares of W. P. Carey Inc. (NYSE:WPC - Get Free Report) have been given an average recommendation of "Hold" by the eleven research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $100.40.

Several analysts have recently issued reports on WPC shares. BNP Paribas set a $66.00 price objective on W. P. Carey and gave the company a "neutral" rating in a research note on Monday. UBS Group reduced their price target on W. P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Evercore ISI boosted their price objective on W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. Wells Fargo & Company upped their target price on shares of W. P. Carey from $58.00 to $66.00 and gave the stock an "equal weight" rating in a research note on Monday, March 10th. Finally, JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th.

W. P. Carey Price Performance

WPC stock traded down $0.14 during midday trading on Wednesday, reaching $63.20. The stock had a trading volume of 154,750 shares, compared to its average volume of 1,168,761. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.06 and a beta of 0.80. W. P. Carey has a 52-week low of $52.91 and a 52-week high of $66.10. The company's fifty day simple moving average is $61.01 and its 200 day simple moving average is $59.15. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.95.

W. P. Carey (NYSE:WPC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $407.44 million during the quarter, compared to analysts' expectations of $412.99 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company's revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts predict that W. P. Carey will post 4.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WPC. Sei Investments Co. boosted its stake in W. P. Carey by 17.1% in the fourth quarter. Sei Investments Co. now owns 56,085 shares of the real estate investment trust's stock valued at $3,056,000 after acquiring an additional 8,197 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in W. P. Carey by 6.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,188,603 shares of the real estate investment trust's stock worth $119,235,000 after buying an additional 134,523 shares during the period. Geode Capital Management LLC increased its position in W. P. Carey by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 4,709,028 shares of the real estate investment trust's stock worth $256,201,000 after buying an additional 135,090 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in W. P. Carey by 3.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 355,333 shares of the real estate investment trust's stock valued at $19,359,000 after buying an additional 12,560 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in shares of W. P. Carey by 120.4% in the fourth quarter. Vestcor Inc now owns 69,640 shares of the real estate investment trust's stock valued at $3,794,000 after acquiring an additional 38,043 shares during the period. 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.