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W. P. Carey (WPC) Stock Price, News & Analysis

$56.59
-0.29 (-0.51%)
(As of 02/22/2024 ET)
Today's Range
$56.13
$56.90
50-Day Range
$55.82
$67.37
52-Week Range
$51.36
$83.25
Volume
1.05 million shs
Average Volume
1.43 million shs
Market Capitalization
$12.37 billion
P/E Ratio
17.15
Dividend Yield
6.08%
Price Target
$65.80

W. P. Carey MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.90 Rating Score
Upside/​Downside
16.3% Upside
$65.80 Price Target
Short Interest
Healthy
3.83% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
0.79mentions of W. P. Carey in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$13,052 Sold Last Quarter
Proj. Earnings Growth
2.84%
From $4.57 to $4.70 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.26 out of 5 stars

Finance Sector

246th out of 842 stocks

Real Estate Investment Trusts Industry

54th out of 177 stocks


WPC stock logo

About W. P. Carey Stock (NYSE:WPC)

W.P. Carey, Inc. is a premier global real estate investment trust (REIT) that specializes in providing long-term sale-leaseback and build-to-suit transactions for companies across various industries. With a mission to deliver reliable income and long-term capital appreciation, W.P. Carey owns and manages an extensive portfolio of commercial properties worldwide. Headquartered in New York City, the company operates across North America, Europe, and Asia.

W.P. Carey's portfolio encompasses various properties, including industrial, office, retail, warehouse, and logistics facilities. By partnering with leading companies, W.P. Carey creates customized real estate solutions that help businesses unlock capital tied up in their properties, enabling them to reinvest in core operations and strategic initiatives. The company's target market comprises established corporations and middle-market companies across the manufacturing, logistics, retail, and healthcare industries.

W.P. Carey boasts a solid customer base of reputable companies, including multinational corporations and industry leaders. Some of its key customers include Coca-Cola, Siemens, Marriott, U-Haul, and W.W. Grainger, among others. By catering to these esteemed clients, W.P. Carey has built a reputation for its ability to provide customized real estate solutions that meet the evolving needs of businesses.

W.P. Carey's leadership team comprises seasoned professionals with extensive real estate and finance expertise. The management team, led by Chief Executive Officer Jason Fox, brings a wealth of experience in investment management, acquisitions, and strategic planning. 

W.P. Carey has demonstrated consistent financial performance in recent years. The company's revenue has steadily increased, reaching $18 billion in the most recent fiscal year, representing a year-on-year growth rate of around 5%. Moreover, W.P. Carey maintains healthy profit margins.

With a focus on sustainable growth and strong financial performance, W.P. Carey's valuation metrics stand favorably among its industry peers. The company's price-to-earnings and price-to-book suggest an undervalued stock relative to the broader market. 

W.P. Carey's stock has exhibited resilient performance in recent years. Despite short-term fluctuations in the market, the company has consistently delivered value to its shareholders. The stock has recently experienced a setback, reflecting the overall real estate market uncertainty during tough economic times. 

W.P. Carey operates in the highly competitive real estate industry, needing accurate market intelligence, extensive networks, and a deep understanding of local dynamics. The company differentiates itself by focusing on long-term, triple-net lease structures, which provide stable cash flows and minimize the risks associated with property management.

W.P. Carey is well-positioned to capitalize on growth opportunities in the global real estate market. The company aims to expand its presence in key international markets, mainly Europe and Asia, where it sees strong demand for sale-leaseback transactions. Additionally, W.P. Carey seeks to expand its portfolio by acquiring high-quality properties in strategic locations. This growth strategy allows W.P. Carey to diversify its revenue streams and capture opportunities in emerging markets.

The company actively explores new sectors and property types that align with evolving market trends. In addition to organic growth, W.P. Carey is open to strategic acquisitions and partnerships that complement its existing portfolio and enhance shareholder value. By leveraging its strong balance sheet and access to capital, the company has the financial flexibility to pursue attractive investment opportunities.

While W.P. Carey has demonstrated resilience in economic downturns and market volatility, the company faces certain risks and challenges that could impact its performance. Changes in interest rates, for example, can affect borrowing costs and investor sentiment towards REITs. Higher interest rates may increase the cost of financing acquisitions and potentially impact property valuations.

Moreover, shifts in consumer preferences and technological advancements could disrupt traditional brick-and-mortar retail, impacting the demand for specific commercial properties. W.P. Carey mitigates this risk by focusing on well-located properties with diverse tenant bases and actively monitoring market trends to adapt its investment strategies accordingly.

Regulatory and political factors also pose risks to W.P. Carey's operations. Changes in tax laws, zoning regulations, or government policies related to real estate can impact the profitability and growth prospects of the company. W.P. Carey closely monitors regulatory developments and engages with policymakers to ensure compliance and protect its interests.

WPC Stock Price History

WPC Stock News Headlines

W. P. Carey: Take Advantage Of Its Discounted Transition
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Raymond James Downgrades W. P. Carey (NYSE:WPC) to Market Perform
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W.P. Carey price target lowered by $3 at RBC Capital, here's why
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Decoding W.P. Carey Inc (WPC): A Strategic SWOT Insight
See More Headlines
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Company Calendar

Ex-Dividend for 1/16 Dividend
12/28/2023
Dividend Payable
1/16/2024
Last Earnings
2/09/2024
Today
2/22/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
193
Year Founded
1973

Price Target and Rating

Average Stock Price Target
$65.80
High Stock Price Target
$80.00
Low Stock Price Target
$54.00
Potential Upside/Downside
+16.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.90
Research Coverage
10 Analysts

Profitability

Net Income
$708.33 million
Pretax Margin
43.20%

Debt

Sales & Book Value

Annual Sales
$1.74 billion
Cash Flow
$6.07 per share
Book Value
$39.82 per share

Miscellaneous

Free Float
216,310,000
Market Cap
$12.37 billion
Optionable
Optionable
Beta
0.89

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Key Executives

  • Mr. Jason E. Fox (Age 51)
    CEO & Director
    Comp: $2.93M
  • Mr. John J. Park (Age 60)
    President
    Comp: $1.98M
  • Ms. Toni Ann Sanzone CPA (Age 47)
    MD & CFO
    Comp: $1.63M
  • Mr. Gino M. Sabatini (Age 55)
    MD & Head of Investments
    Comp: $1.89M
  • Mr. Brooks G. Gordon (Age 40)
    MD & Head of Asset Management
    Comp: $1.23M
  • Mr. John D. Miller (Age 79)
    Chief Investment Officer & MD
    Comp: $745k
  • Mr. Brian H. Zander (Age 39)
    Controller & Chief Accounting Officer
  • Ms. Susan C Hyde (Age 55)
    Managing Director, Chief Administrative Officer, Chief Ethics Officer & Corporate Secretary
  • Mr. Peter Sands
    Executive Director & Head of Investor Relations
  • Ms. Reshma Ballie McGowan
    Chief Compliance Officer & Managing Director














WPC Stock Analysis - Frequently Asked Questions

Should I buy or sell W. P. Carey stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for W. P. Carey in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" WPC shares.
View WPC analyst ratings
or view top-rated stocks.

What is W. P. Carey's stock price target for 2024?

10 analysts have issued 1-year price objectives for W. P. Carey's shares. Their WPC share price targets range from $54.00 to $80.00. On average, they predict the company's share price to reach $65.80 in the next year. This suggests a possible upside of 16.3% from the stock's current price.
View analysts price targets for WPC
or view top-rated stocks among Wall Street analysts.

How have WPC shares performed in 2024?

W. P. Carey's stock was trading at $64.81 at the beginning of the year. Since then, WPC stock has decreased by 12.7% and is now trading at $56.59.
View the best growth stocks for 2024 here
.

When is W. P. Carey's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our WPC earnings forecast
.

How were W. P. Carey's earnings last quarter?

W. P. Carey Inc. (NYSE:WPC) released its quarterly earnings results on Friday, February, 9th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.14. The real estate investment trust earned $410.38 million during the quarter, compared to analysts' expectations of $413.04 million. W. P. Carey had a trailing twelve-month return on equity of 7.78% and a net margin of 40.68%. The company's revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $1.29 EPS.

How often does W. P. Carey pay dividends? What is the dividend yield for W. P. Carey?

W. P. Carey announced a quarterly dividend on Thursday, December 7th. Investors of record on Friday, December 29th will be paid a dividend of $0.86 per share on Tuesday, January 16th. This represents a $3.44 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for WPC
.

Is W. P. Carey a good dividend stock?

W. P. Carey (NYSE:WPC) pays an annual dividend of $3.44 per share and currently has a dividend yield of 6.04%. WPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 104.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WPC will have a dividend payout ratio of 73.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPC.

What guidance has W. P. Carey issued on next quarter's earnings?

W. P. Carey updated its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share (EPS) guidance of 4.650-4.750 for the period, compared to the consensus estimate of 4.720. The company issued revenue guidance of -.

What is Jason Fox's approval rating as W. P. Carey's CEO?

10 employees have rated W. P. Carey Chief Executive Officer Jason Fox on Glassdoor.com. Jason Fox has an approval rating of 80% among the company's employees. 48.0% of employees surveyed would recommend working at W. P. Carey to a friend.

What other stocks do shareholders of W. P. Carey own?

Based on aggregate information from My MarketBeat watchlists, some companies that other W. P. Carey investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Pfizer (PFE), Johnson & Johnson (JNJ), Realty Income (O), Exxon Mobil (XOM), Intel (INTC) and Enterprise Products Partners (EPD).

Who are W. P. Carey's major shareholders?

W. P. Carey's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (14.08%), Cohen & Steers Inc. (5.16%), Daiwa Securities Group Inc. (1.67%), Legal & General Group Plc (1.49%), Dimensional Fund Advisors LP (1.39%) and Massachusetts Financial Services Co. MA (1.20%). Insiders that own company stock include Brian H Zander and Mark A Alexander.
View institutional ownership trends
.

How do I buy shares of W. P. Carey?

Shares of WPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:WPC) was last updated on 2/22/2024 by MarketBeat.com Staff