W.P. Carey Inc. (NYSE:WPC) Receives $100.60 Consensus Target Price from Brokerages

W.P. Carey Inc. (NYSE:WPC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eleven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $100.60.

A number of research analysts have weighed in on WPC shares. UBS Group cut their target price on shares of W.P. Carey from $66.00 to $63.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada boosted their target price on shares of W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Scotiabank upped their price objective on shares of W.P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research report on Wednesday, March 12th. Evercore ISI upped their price objective on shares of W.P. Carey from $65.00 to $66.00 and gave the company an "in-line" rating in a research report on Wednesday, July 2nd. Finally, BNP Paribas Exane raised shares of W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price objective for the company in a research report on Monday, June 9th.

W.P. Carey Stock Down 0.3%

Shares of WPC stock traded down $0.18 on Friday, hitting $63.05. The company's stock had a trading volume of 107,109 shares, compared to its average volume of 1,162,289. The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 7.04 and a beta of 0.78. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.23 and a quick ratio of 0.23. W.P. Carey has a fifty-two week low of $52.91 and a fifty-two week high of $66.10. The firm's fifty day moving average price is $62.26 and its 200-day moving average price is $60.03.

W.P. Carey (NYSE:WPC - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.03). The firm had revenue of $407.44 million for the quarter, compared to analyst estimates of $412.99 million. W.P. Carey had a return on equity of 5.02% and a net margin of 26.66%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 EPS. Research analysts anticipate that W.P. Carey will post 4.87 EPS for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.71%. This is a boost from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio (DPR) is 185.57%.

Institutional Investors Weigh In On W.P. Carey

A number of large investors have recently added to or reduced their stakes in WPC. von Borstel & Associates Inc. purchased a new position in W.P. Carey during the 1st quarter valued at about $26,000. TCTC Holdings LLC raised its holdings 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 purchasing an additional 242 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in W.P. Carey during the fourth quarter valued at approximately $37,000. Cheviot Value Management LLC purchased a new stake in W.P. Carey during the first quarter valued at approximately $37,000. Finally, Bessemer Group Inc. increased its holdings in W.P. Carey by 118.6% during the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust's stock valued at $40,000 after buying an additional 402 shares during the last quarter. Institutional investors 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.