W.P. Carey (NYSE:WPC) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Research analysts at Weiss Ratings have reiterated a "Hold (C)" rating for W.P. Carey (NYSE:WPC), with other firms also adjusting their price targets and ratings.
• In the latest trading session, W.P. Carey shares decreased by 0.4% to close at $67.65, with a twelve-month high of $69.79 and a low of $52.91.
• W.P. Carey reported a quarterly earnings per share of $1.28, exceeding analyst expectations, and set its FY 2025 guidance at $4.870-$4.950 EPS.

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

WPC has been the topic of a number of other research reports. Wells Fargo & Company upgraded W.P. Carey from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $68.00 to $72.00 in a research note on Thursday, September 11th. Scotiabank raised 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 research report on Friday, September 5th. Evercore ISI lifted their target price on shares of W.P. Carey from $66.00 to $70.00 and gave the company an "in-line" rating in a report on Monday, September 15th. UBS Group increased their price target on shares of W.P. Carey from $63.00 to $66.00 and gave the stock a "neutral" rating in a research note on Friday, August 15th. Finally, Royal Bank Of Canada raised their price objective 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. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, W.P. Carey has an average rating of "Hold" and a consensus target price of $67.44.

W.P. Carey Stock Down 0.4%

Shares of W.P. Carey stock traded down $0.25 during trading hours on Friday, hitting $67.65. The company had a trading volume of 212,104 shares, compared to its average volume of 1,208,345. The company's 50-day moving average is $67.40 and its two-hundred day moving average is $64.07. W.P. Carey has a twelve month low of $52.91 and a twelve month high of $69.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $14.81 billion, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 9.79 and a beta of 0.81.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in W.P. Carey by 274.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,112,190 shares of the real estate investment trust's stock valued at $322,630,000 after purchasing an additional 3,747,898 shares in the last quarter. Norges Bank acquired a new stake in shares of W.P. Carey in the 2nd quarter valued at approximately $151,411,000. Pacer Advisors Inc. boosted its stake in shares of W.P. Carey by 1,016.8% in the first quarter. Pacer Advisors Inc. now owns 1,751,921 shares of the real estate investment trust's stock valued at $110,564,000 after buying an additional 1,595,045 shares in the last quarter. Captrust Financial Advisors grew its holdings in W.P. Carey by 2,712.0% during the second quarter. Captrust Financial Advisors now owns 771,534 shares of the real estate investment trust's stock worth $48,128,000 after acquiring an additional 744,097 shares during the period. Finally, GRS Advisors LLC acquired a new position in shares of W.P. Carey during the 2nd quarter worth $37,694,000. 73.73% of the stock is 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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