W.P. Carey (NYSE:WPC) Earns Hold (C) Rating from Weiss Ratings

Key Points

• W.P. Carey received a reaffirmed "hold (C)" rating from Weiss Ratings, with a consensus target price of $67.22.
• The company's shares dropped 1.3% on Wednesday, closing at $67.35, while analysts anticipate an annual EPS of around 4.87.
• Recent upgrades from several firms, including Evercore ISI and Wells Fargo, have raised W.P. Carey's price targets to between $70.00 and $72.00.

W.P. Carey (NYSE:WPC - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

WPC has been the subject of several other research reports. Evercore ISI lifted their price target on W.P. Carey from $66.00 to $70.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Wells Fargo & Company raised shares of W.P. Carey from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $72.00 in a report on Thursday, September 11th. Royal Bank Of Canada upped their price target on shares of W.P. Carey from $66.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. UBS Group increased their price target on shares of W.P. Carey from $63.00 to $66.00 and gave the company a "neutral" rating in a research note on Friday, August 15th. Finally, Scotiabank increased their target price on shares of W.P. Carey from $64.00 to $67.00 and gave the stock a "sector perform" rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.22.

W.P. Carey Trading Down 1.3%

Shares of WPC traded down $0.86 during trading hours on Wednesday, hitting $67.35. The company had a trading volume of 380,264 shares, compared to its average volume of 1,227,456. W.P. Carey has a 52-week low of $52.91 and a 52-week high of $69.79. The firm has a market cap of $14.75 billion, a P/E ratio of 44.26, a P/E/G ratio of 9.92 and a beta of 0.81. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.97. The stock's 50 day moving average price is $66.81 and its 200 day moving average price is $63.58.

W.P. Carey (NYSE:WPC - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.05. The firm 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 business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 EPS. W.P. Carey has set its FY 2025 guidance at 4.870-4.950 EPS. On average, research analysts predict that W.P. Carey will post 4.87 EPS for the current year.

Hedge Funds Weigh In On W.P. Carey

Large investors have recently bought and sold shares of the stock. IAG Wealth Partners LLC raised its stake in shares of W.P. Carey by 7.0% in the 1st quarter. IAG Wealth Partners LLC now owns 2,495 shares of the real estate investment trust's stock valued at $157,000 after acquiring an additional 163 shares during the period. GF Fund Management CO. LTD. raised its stake in shares of W.P. Carey by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 4,145 shares of the real estate investment trust's stock valued at $262,000 after acquiring an additional 168 shares during the period. Griffin Asset Management Inc. grew its holdings in W.P. Carey by 0.6% during the 2nd quarter. Griffin Asset Management Inc. now owns 32,236 shares of the real estate investment trust's stock valued at $2,011,000 after purchasing an additional 178 shares in the last quarter. BridgePort Financial Solutions LLC grew its holdings in W.P. Carey by 0.6% during the 2nd quarter. BridgePort Financial Solutions LLC now owns 28,681 shares of the real estate investment trust's stock valued at $1,789,000 after purchasing an additional 180 shares in the last quarter. Finally, Cooper Financial Group grew its holdings in W.P. Carey by 1.5% during the 2nd quarter. Cooper Financial Group now owns 12,005 shares of the real estate investment trust's stock worth $749,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

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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