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

Key Points

• W.P. Carey Inc. has received a consensus recommendation of "Hold" from ten brokerages, with one sell rating, seven holds, and two buys.
• The company recently announced a quarterly dividend increase to $0.90 per share, reflecting an annualized dividend of $3.60 and a yield of 5.4%.
• W.P. Carey reported earnings of $1.28 per share in its last quarter, exceeding expectations and showing a 10.5% year-over-year revenue growth.

Shares of W.P. Carey Inc. (NYSE:WPC - Get Free Report) have earned a consensus recommendation of "Hold" from the ten brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $65.6667.

Several research firms have weighed in on WPC. UBS Group raised their price target on W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a report on Friday, August 15th. Royal Bank Of Canada raised their price target on W.P. Carey from $66.00 to $67.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. BNP Paribas Exane upgraded W.P. Carey from an "underperform" rating to a "neutral" rating and set a $66.00 price target for the company in a report on Monday, June 9th. Barclays raised their price target on W.P. Carey from $61.00 to $64.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. Finally, BNP Paribas set a $66.00 price target on W.P. Carey and gave the company a "neutral" rating in a report on Monday, June 9th.

Hedge Funds Weigh In On W.P. Carey

A number of institutional investors and hedge funds have recently modified their holdings of WPC. NewEdge Advisors LLC boosted its holdings in shares of W.P. Carey by 6.3% in the 4th quarter. NewEdge Advisors LLC now owns 8,196 shares of the real estate investment trust's stock worth $447,000 after purchasing an additional 485 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of W.P. Carey by 10.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,658 shares of the real estate investment trust's stock worth $635,000 after purchasing an additional 1,091 shares during the period. Stifel Financial Corp boosted its holdings in shares of W.P. Carey by 10.6% in the 4th quarter. Stifel Financial Corp now owns 35,139 shares of the real estate investment trust's stock worth $1,914,000 after purchasing an additional 3,355 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in W.P. Carey by 2.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,058,351 shares of the real estate investment trust's stock valued at $57,660,000 after acquiring an additional 21,954 shares during the period. Finally, MGO One Seven LLC boosted its holdings in W.P. Carey by 17.0% during the 4th quarter. MGO One Seven LLC now owns 5,156 shares of the real estate investment trust's stock valued at $281,000 after acquiring an additional 751 shares during the period. Hedge funds and other institutional investors own 73.73% of the company's stock.

W.P. Carey Stock Down 0.6%

Shares of WPC opened at $66.1190 on Monday. The business's 50 day moving average is $63.90 and its 200 day moving average is $62.26. The company has a market capitalization of $14.48 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 9.65 and a beta of 0.78. W.P. Carey has a 12-month low of $52.91 and a 12-month high of $67.40. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.97.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.05. The company had revenue of $430.78 million for the quarter, compared to the consensus estimate of $420.99 million. W.P. Carey had a return on equity of 4.00% and a net margin of 20.42%.The firm's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. Research analysts expect that W.P. Carey will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.90 dividend. This is a positive change from W.P. Carey's previous quarterly dividend of $0.89. The ex-dividend date was Monday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.4%. W.P. Carey's dividend payout ratio (DPR) is presently 236.84%.

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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