W.P. Carey Inc. (NYSE:WPC) Given Consensus Rating of "Hold" by Analysts

Key Points

• W.P. Carey Inc. has received a consensus rating of "Hold" from eleven research firms, with one analyst recommending a sell, seven a hold, and three a buy.
• The company recently reported quarterly earnings of $1.28 EPS, exceeding analysts' estimates, and its revenue increased by 10.5% compared to the same period last year.
• W.P. Carey announced a quarterly dividend increase from $0.90 to $0.91, which gives an annualized yield of 5.4% based on the current stock price.

W.P. Carey Inc. (NYSE:WPC - Get Free Report) has received an average rating of "Hold" from the eleven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $67.2222.

A number of equities research analysts have commented on the company. UBS Group increased their price target on W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Weiss Ratings restated a "hold (c)" rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Barclays raised their price objective on W.P. Carey from $61.00 to $64.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 20th. Royal Bank Of Canada raised their price objective on W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Scotiabank raised their price objective on W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a research note on Friday, September 5th.

W.P. Carey Trading Up 1.0%

W.P. Carey stock opened at $67.50 on Tuesday. The stock has a 50-day moving average of $67.01 and a two-hundred day moving average of $63.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.19 and a current ratio of 0.19. W.P. Carey has a one year low of $52.91 and a one year high of $69.79. The stock has a market cap of $14.78 billion, a PE ratio of 44.41, a price-to-earnings-growth ratio of 9.67 and a beta of 0.81.

W.P. Carey (NYSE:WPC - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.05. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The company had revenue of $430.78 million during the quarter, compared to analysts' expectations of $420.99 million. During the same period last year, the business posted $1.17 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts anticipate that W.P. Carey will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.91 dividend. The ex-dividend date 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 dividend yield of 5.4%. W.P. Carey's dividend payout ratio (DPR) is 239.47%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. von Borstel & Associates Inc. purchased a new position in W.P. Carey during the first quarter valued at approximately $26,000. MTM Investment Management LLC purchased a new position in W.P. Carey during the second quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new position in W.P. Carey during the second quarter valued at approximately $30,000. TCTC Holdings LLC raised its position in 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 acquiring an additional 242 shares in the last quarter. Finally, Cheviot Value Management LLC purchased a new position in W.P. Carey during the first quarter valued at approximately $37,000. 73.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

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