NYSE:WPCWP Carey Stock Price, Forecast & News

$63.58

-0.38 (-0.59 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$62.23

Now: $63.58▼

$66.29

50-Day Range

$54.63

MA: $61.64▼

$70.00

52-Week Range

$38.62

Now: $63.58▼

$93.62

Volume819,044 shs

Average Volume928,235 shs

Market Capitalization$10.95 billion

P/E Ratio36.33

Dividend Yield6.50%

Beta0.8

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $17 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,163 net lease properties covering approximately 131 million square feet. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
WP Carey has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $68.00, WP Carey has a potential upside of 7.0% from its current price of $63.58.
Amount of Analyst Coverage
WP Carey has only been the subject of 2 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
WP Carey has received 298 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
WP Carey has received 371 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
WP Carey has received 55.46% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about WP Carey and other stocks. Vote “Outperform” if you believe WPC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WPC will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
WP Carey is a leading dividend payer. It pays a dividend yield of 6.50%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
WP Carey has been increasing its dividend for 19 years.
Dividend Coverage
The dividend payout ratio of WP Carey is 83.20 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, WP Carey will have a dividend payout ratio of 90.63 % in the coming year. This indicates that WP Carey may not be able to sustain their current dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, WP Carey insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,085,538.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.09% of the stock of WP Carey is held by insiders.
Percentage Held by Institutions
58.93% of the stock of WP Carey is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for WP Carey are expected to grow by 8.25% in the coming year, from $4.24 to $4.59 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of WP Carey is 36.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of WP Carey is 36.33, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.68.
Price to Earnings Growth Ratio
WP Carey has a PEG Ratio of 1.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
WP Carey has a P/B Ratio of 1.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.28 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:WPC

Previous Symbol

CUSIPN/A

CIK1025378

Webwww.wpcarey.com

Phone212-492-1100

Debt

Debt-to-Equity Ratio0.89

Current Ratio0.40

Quick Ratio0.40

Price-To-Earnings

Trailing P/E Ratio36.33

Forward P/E Ratio15.00

P/E Growth1.65

Sales & Book Value

Annual Sales$1.23 billion

Price / Sales8.89

Cash Flow$5.15 per share

Price / Cash Flow12.34

Book Value$39.31 per share

Price / Book1.62

Profitability

EPS (Most Recent Fiscal Year)$5.00

Net Income$305.24 million

Net Margins24.64%

Return on Equity4.38%

Return on Assets2.15%

Miscellaneous

Employees206

Outstanding Shares172,278,000

Market Cap$10.95 billion

Next Earnings Date8/7/2020 (Estimated)

OptionableOptionable

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WP Carey (NYSE:WPC) Frequently Asked Questions

How has WP Carey's stock been impacted by COVID-19 (Coronavirus)?

WP Carey's stock was trading at $76.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, WPC shares have decreased by 16.4% and is now trading at $63.58. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of WP Carey?

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.

When is WP Carey's next earnings date?

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

How were WP Carey's earnings last quarter?

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

How often does WP Carey pay dividends? What is the dividend yield for WP Carey?

WP Carey declared a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 31st will be given a dividend of $1.04 per share on Wednesday, April 15th. This represents a $4.16 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend is Monday, March 30th. This is an increase from WP Carey's previous quarterly dividend of $1.04. View WP Carey's dividend history.

What price target have analysts set for WPC?

4 equities research analysts have issued twelve-month target prices 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 $68.00 in the next year. This suggests a possible upside of 7.0% from the stock's current price. View analysts' price targets for WP Carey.

Has WP Carey been receiving favorable news coverage?

News headlines about WPC stock have been trending somewhat negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. WP Carey earned a news impact score of -1.0 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutWP Carey.

Are investors shorting WP Carey?

WP Carey saw a drop in short interest in May. As of May 15th, there was short interest totaling 2,170,000 shares, a drop of 15.6% from the April 30th total of 2,570,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.3% of the company's stock are short sold. View WP Carey's Current Options Chain.

Who are some of WP Carey's key competitors?

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

What other stocks do shareholders of WP Carey own?

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).

Who are WP Carey's key executives?

WP Carey's management team includes the following people:

Mr. Jason E. Fox, CEO & Director (Age 46)
Mr. John J. Park, Pres (Age 55)
Ms. ToniAnn Sanzone CPA, MD & CFO (Age 42)
Mr. John D. Miller, Chief Investment Officer & MD (Age 74)
Mr. Gino M. Sabatini, MD & Head of Investments (Age 50)

What is WP Carey's stock symbol?

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

Who are WP Carey's major shareholders?

WP Carey's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.62%), State Street Corp (3.80%), JPMorgan Chase & Co. (2.10%), Massachusetts Financial Services Co. MA (1.51%), Legal & General Group Plc (1.24%) and Geode Capital Management LLC (1.16%). 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.

Which institutional investors are selling WP Carey stock?

WPC stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Nuveen Asset Management LLC, BlackRock Inc., APG Asset Management N.V., UBS Group AG, Deutsche Bank AG, SG Americas Securities LLC, and Northstar Investment Advisors LLC. View insider buying and selling activity for WP Carey.

Which institutional investors are buying WP Carey stock?

WPC stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Advisor Group Holdings Inc., Unigestion Holding SA, APG Asset Management N.V., APG Asset Management N.V., Massachusetts Financial Services Co. MA, Swiss National Bank, and Cbre Clarion Securities 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.

How do I buy shares of 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.

What is WP Carey's stock price today?

One share of WPC stock can currently be purchased for approximately $63.58.

How big of a company is WP Carey?

WP Carey has a market capitalization of $10.95 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.

What is WP Carey's official website?

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

How can I contact WP Carey?

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff