NYSE:WPCWP Carey Stock Price, Forecast & News

WP Carey's stock was trading at $76.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WPC shares have decreased by 12.1% and is now trading at $66.85. View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WP Carey in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for WP Carey.

WP Carey is scheduled to release its next quarterly earnings announcement on Friday, August 7th 2020. View our earnings forecast for WP Carey.

WP Carey Inc (NYSE:WPC) posted its earnings results on Friday, May, 1st. The real estate investment trust reported $1.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.19 by $0.06. The real estate investment trust had revenue of $294.60 million for the quarter, compared to the consensus estimate of $278.30 million. WP Carey had a net margin of 24.64% and a return on equity of 4.38%. The company's revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. View WP Carey's earnings history.

WP Carey announced a quarterly dividend on Thursday, June 11th. Shareholders of record on Tuesday, June 30th will be given a dividend of $1.042 per share on Wednesday, July 15th. This represents a $4.17 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date of this dividend is Monday, June 29th. This is a positive change from WP Carey's previous quarterly dividend of $1.04. View WP Carey's dividend history.

4 brokers have issued 12-month price targets for WP Carey's shares. Their forecasts range from $52.00 to $88.00. On average, they expect WP Carey's share price to reach $72.33 in the next twelve months. This suggests a possible upside of 8.2% from the stock's current price. View analysts' price targets for WP Carey.

News stories about WPC stock have been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. WP Carey earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news about WP Carey.

Some companies that are related to WP Carey include DIGITAL RLTY TR/SH (DLR), Public Storage (PSA), SBA Communications (SBAC), AvalonBay Communities (AVB), Welltower (WELL), Equity Residential (EQR), Simon Property Group (SPG), Alexandria Real Estate Equities (ARE), Realty Income (O), Weyerhaeuser (WY), Essex Property Trust (ESS), Boston Properties (BXP), Ventas (VTR), Sun Communities (SUI) and HCP (HCP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other WP Carey investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Cisco Systems (CSCO), Realty Income (O), Omega Healthcare Investors (OHI), Pfizer (PFE), Ventas (VTR), Exxon Mobil (XOM) and Enterprise Products Partners (EPD).

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

WP Carey's stock is owned by a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.09%), EWG Elevate Inc. (0.05%), Inspirion Wealth Advisors LLC (0.04%), State of Alaska Department of Revenue (0.03%), Spirit of America Management Corp NY (0.02%) and DNB Asset Management AS (0.01%). Company insiders that own WP Carey stock include Arjun Mahalingam, Christopher Niehaus, Jason E Fox, Jean Hoysradt, Mark A Alexander and Robert J Flanagan. View institutional ownership trends for WP Carey.

WPC stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, EWG Elevate Inc., Inspirion Wealth Advisors LLC, IFM Investors Pty Ltd, Patriot Financial Group Insurance Agency LLC, and Carroll Financial Associates Inc.. View insider buying and selling activity for WP Carey.

WPC stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., MADDEN SECURITIES Corp, Teamwork Financial Advisors LLC, Symphony Financial Ltd. Co., MA Private Wealth, Alpha Cubed Investments LLC, Woodstock Corp, and Ellis Investment Partners LLC. Company insiders that have bought WP Carey stock in the last two years include Arjun Mahalingam, Christopher Niehaus, Jason E Fox, Jean Hoysradt, Mark A Alexander, and Robert J Flanagan. View insider buying and selling activity for WP Carey.

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

One share of WPC stock can currently be purchased for approximately $66.85.

WP Carey has a market capitalization of $11.53 billion and generates $1.23 billion in revenue each year. The real estate investment trust earns $305.24 million in net income (profit) each year or $5.00 on an earnings per share basis. WP Carey employs 206 workers across the globe.

The official website for WP Carey is www.wpcarey.com.

WP Carey's mailing address is 50 ROCKEFELLER PLAZA, NEW YORK NY, 10020. The real estate investment trust can be reached via phone at 212-492-1100 or via email at [email protected]