W.P. Carey Inc. (NYSE:WPC) Receives $100.60 Average PT from Analysts

W.P. Carey Inc. (NYSE:WPC - Get Free Report) has been given an average rating of "Hold" by the eleven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $100.60.

Several equities research analysts have recently weighed in on WPC shares. Royal Bank Of Canada upped their target price on shares of W.P. Carey from $410.00 to $420.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Scotiabank upped their target price on shares of W.P. Carey from $59.00 to $63.00 and gave the stock a "sector perform" rating in a report on Wednesday, March 12th. Barclays set a $61.00 target price on shares of W.P. Carey and gave the stock an "underweight" rating in a report on Wednesday, May 21st. UBS Group lowered their target price on shares of W.P. Carey from $66.00 to $63.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, BNP Paribas set a $66.00 target price on shares of W.P. Carey and gave the stock a "neutral" rating in a report on Monday, June 9th.

W.P. Carey Stock Performance

W.P. Carey stock traded down $0.63 on Friday, hitting $62.60. The company's stock had a trading volume of 1,051,560 shares, compared to its average volume of 1,165,989. The firm has a market cap of $13.71 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 7.04 and a beta of 0.78. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average price of $62.26 and a 200-day moving average price of $60.03. W.P. Carey has a one year low of $52.91 and a one year high of $66.10.

W.P. Carey (NYSE:WPC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.03). The business had revenue of $407.44 million during the quarter, compared to the consensus estimate of $412.99 million. W.P. Carey had a net margin of 26.66% and a return on equity of 5.02%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. On average, equities analysts anticipate that W.P. Carey will post 4.87 earnings per share 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. Shareholders of record on Monday, June 30th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a yield of 5.75%. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. W.P. Carey's dividend payout ratio is currently 185.57%.

Institutional Investors Weigh In On W.P. Carey

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its stake in shares of W.P. Carey by 8.3% in the 4th quarter. US Bancorp DE now owns 32,764 shares of the real estate investment trust's stock valued at $1,785,000 after purchasing an additional 2,499 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of W.P. Carey by 59.0% in the 4th quarter. Jones Financial Companies Lllp now owns 3,099 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 1,150 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of W.P. Carey by 8.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,866 shares of the real estate investment trust's stock valued at $701,000 after purchasing an additional 979 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of W.P. Carey by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,641,815 shares of the real estate investment trust's stock valued at $143,926,000 after purchasing an additional 43,197 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of W.P. Carey by 19.8% in the 4th quarter. Victory Capital Management Inc. now owns 663,317 shares of the real estate investment trust's stock valued at $36,138,000 after purchasing an additional 109,438 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.