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NYSE:WPC

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

$58.86
-5.09 (-7.96%)
(As of 09/21/2023 ET)
Compare
Today's Range
$58.35
$63.18
50-Day Range
$58.86
$73.03
52-Week Range
$58.33
$85.94
Volume
4.92 million shs
Average Volume
1.01 million shs
Market Capitalization
$12.59 billion
P/E Ratio
16.49
Dividend Yield
7.27%
Price Target
$75.88

W. P. Carey MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
28.9% Upside
$75.88 Price Target
Short Interest
Healthy
2.78% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.73
Upright™ Environmental Score
News Sentiment
1.34mentions of W. P. Carey in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.22%
From $5.21 to $5.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Finance Sector

375th out of 837 stocks

Real Estate Investment Trusts Industry

74th out of 179 stocks


WPC stock logo

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

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 Price History

WPC Stock News Headlines

His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
W. P. Carey Spin-Off: Buy, Sell, Or Hold?
As W.P. Carey exits office, opportunities could emerge
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
W. P. Carey: Dividend Gets Whacked
W. P. Carey Announces Strategic Plan to Exit Office
W. P. Carey: A Gift For Passive Income Seekers
W. P. Carey Increases Quarterly Dividend to $1.071 per Share
W. P. Carey Is Fairly Valued: No Margin Of Safety
W.P. Carey Inc (WPY.BE)
W. P. Carey: 30 Big-Yield REITs, Risk-Reward Edition
See More Headlines
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WPC Company Calendar

Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Last Earnings
7/28/2023
Today
9/21/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Next Earnings (Estimated)
11/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$75.88
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$66.00
Forecasted Upside/Downside
+28.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
8 Analysts

Profitability

Net Income
$599.14 million
Pretax Margin
47.55%

Debt

Sales & Book Value

Annual Sales
$1.48 billion
Cash Flow
$5.39 per share
Book Value
$43.30 per share

Miscellaneous

Free Float
211,616,000
Market Cap
$12.65 billion
Optionable
Optionable
Beta
0.76

Social Links

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Key Executives

  • Mr. Jason E. Fox (Age 50)
    CEO & Director
    Comp: $2.93M
  • Mr. John J. Park (Age 59)
    Pres
    Comp: $1.98M
  • Ms. Toni Ann Sanzone CPA (Age 46)
    MD & CFO
    Comp: $1.63M
  • Mr. Gino M. Sabatini (Age 54)
    MD & Head of Investments
    Comp: $1.89M
  • Mr. Brooks G. Gordon (Age 39)
    MD & Head of Asset Management
    Comp: $1.23M
  • Mr. John D. Miller (Age 78)
    Chief Investment Officer & MD
  • Mr. Brian Zander
    Controller & Chief Accounting Officer
  • Ms. Susan C Hyde (Age 54)
    Managing Director, Chief Admin. Officer, Chief Ethics Officer & Corp. Sec.
  • Mr. Peter Sands
    Exec. Director & Head of Investor Relations
  • Mr. Zachary Pasanen
    Managing Director of Investments - North America













WPC Stock - Frequently Asked Questions

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for W. P. Carey in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WPC, but not buy additional shares or sell existing shares.
View WPC analyst ratings
or view top-rated stocks.

What is W. P. Carey's stock price forecast for 2023?

8 Wall Street analysts have issued 1 year target prices for W. P. Carey's shares. Their WPC share price forecasts range from $66.00 to $87.00. On average, they anticipate the company's share price to reach $75.88 in the next twelve months. This suggests a possible upside of 28.3% 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 2023?

W. P. Carey's stock was trading at $78.15 at the start of the year. Since then, WPC stock has decreased by 24.3% and is now trading at $59.14.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, November 3rd 2023.
View our WPC earnings forecast
.

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

W. P. Carey Inc. (NYSE:WPC) released its quarterly earnings data on Friday, July, 28th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $1.29 by $0.62. The real estate investment trust earned $452.60 million during the quarter, compared to analyst estimates of $430.48 million. W. P. Carey had a trailing twelve-month return on equity of 8.28% and a net margin of 45.21%. W. P. Carey's quarterly revenue was up 31.4% compared to the same quarter last year. During the same period last year, the company posted $1.31 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, September 14th. Investors of record on Friday, September 29th will be given a dividend of $1.071 per share on Monday, October 16th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date is Thursday, September 28th. This is a positive change from the stock's previous quarterly dividend of $1.07.
Read our dividend analysis for WPC
.

Is W. P. Carey a good dividend stock?

W. P. Carey (NYSE:WPC) pays an annual dividend of $4.28 per share and currently has a dividend yield of 6.80%. WPC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 26 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 119.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WPC will have a dividend payout ratio of 78.82% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WPC.

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

W. P. Carey issued an update on its FY23 earnings guidance on Friday, July, 28th. The company provided EPS guidance of $5.32-$5.38 for the period, compared to the consensus EPS estimate of $5.25.

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).

What is W. P. Carey's stock symbol?

W. P. Carey trades on the New York Stock Exchange (NYSE) under the ticker symbol "WPC."

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

W. P. Carey's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.30%), State Street Corp (4.72%), JPMorgan Chase & Co. (2.90%), Geode Capital Management LLC (1.58%), Dimensional Fund Advisors LP (1.36%) and Charles Schwab Investment Management Inc. (1.09%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is W. P. Carey's stock price today?

One share of WPC stock can currently be purchased for approximately $59.14.

How much money does W. P. Carey make?

W. P. Carey (NYSE:WPC) has a market capitalization of $12.65 billion and generates $1.48 billion in revenue each year. The real estate investment trust earns $599.14 million in net income (profit) each year or $3.57 on an earnings per share basis.

How many employees does W. P. Carey have?

The company employs 193 workers across the globe.

How can I contact W. P. Carey?

W. P. Carey's mailing address is 50 ROCKEFELLER PLAZA, NEW YORK NY, 10020. The official website for the company is www.wpcarey.com. The real estate investment trust can be reached via phone at (212) 492-1100, via email at ir@wpcarey.com, or via fax at 212-492-8922.

This page (NYSE:WPC) was last updated on 9/21/2023 by MarketBeat.com Staff

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