W.P. Carey Inc. (NYSE:WPC) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Brokerage Consensus: W.P. Carey Inc. has been given a consensus rating of "Hold" by ten brokerages, with one sell rating, six hold ratings, and three buy ratings.
• Recent Earnings Performance: The company reported an EPS of $1.28 for its last quarter, surpassing analysts' expectations, with revenue up 10.5% year-over-year.
• Dividend Increase: W.P. Carey announced a quarterly dividend increase to $0.91 per share, which represents an annualized yield of 5.4%.

Shares of W.P. Carey Inc. (NYSE:WPC - Get Free Report) have earned an average rating of "Hold" from the ten brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $67.2222.

A number of research analysts have issued reports on WPC shares. Barclays increased their target price on shares of W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Scotiabank raised their price target on W.P. Carey from $64.00 to $67.00 and gave the company a "sector perform" rating in a research report on Friday, September 5th. BNP Paribas Exane raised W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target for the company in a research note on Monday, June 9th. Evercore ISI increased their price objective on shares of W.P. Carey from $66.00 to $70.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company upgraded shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $72.00 in a research report on Thursday, September 11th.

W.P. Carey Price Performance

Shares of W.P. Carey stock traded up $0.00 during trading on Friday, reaching $67.17. The company's stock had a trading volume of 828,082 shares, compared to its average volume of 1,162,934. The business has a 50 day moving average price of $65.70 and a 200-day moving average price of $63.14. The company has a market capitalization of $14.71 billion, a P/E ratio of 44.19, a price-to-earnings-growth ratio of 9.78 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97. W.P. Carey has a 12-month low of $52.91 and a 12-month high of $69.00.

W.P. Carey (NYSE:WPC - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, topping the consensus estimate of $1.23 by $0.05. The company had revenue of $430.78 million for the quarter, compared to analyst estimates of $420.99 million. W.P. Carey had a net margin of 20.42% and a return on equity of 4.00%. The business's revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. As a group, sell-side analysts anticipate that W.P. Carey will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from W.P. Carey's previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 5.4%. W.P. Carey's dividend payout ratio (DPR) is 236.84%.

Institutional Trading of W.P. Carey

A number of large investors have recently made changes to their positions in the stock. von Borstel & Associates Inc. purchased a new position in W.P. Carey in the 1st quarter valued at about $26,000. MTM Investment Management LLC purchased a new position in shares of W.P. Carey during the second quarter valued at approximately $28,000. TCTC Holdings LLC lifted its stake in shares of W.P. Carey by 100.8% during 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 during the period. Headlands Technologies LLC acquired a new stake in W.P. Carey during the second quarter worth approximately $30,000. Finally, Cheviot Value Management LLC purchased a new stake in W.P. Carey in the 1st quarter worth approximately $37,000. 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.