W. P. Carey Inc. (NYSE:WPC) Receives Consensus Rating of “Hold” from Analysts

W. P. Carey Inc. (NYSE:WPC) has been given a consensus recommendation of “Hold” by the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $62.43.

WPC has been the topic of a number of research reports. UBS Group dropped their price target on W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company restated an “equal weight” rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a research note on Tuesday, October 1st. Scotiabank lowered their price objective on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday. Barclays reissued an “underweight” rating and issued a $59.00 price objective (up previously from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of W. P. Carey in a report on Friday, January 10th.

Institutional Trading of W. P. Carey

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP raised its holdings in W. P. Carey by 175.9% during the second quarter. Quarry LP now owns 560 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 357 shares during the period. Maia Wealth LLC purchased a new stake in shares of W. P. Carey during the third quarter worth about $40,000. Massmutual Trust Co. FSB ADV raised its stake in W. P. Carey by 35.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 651 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 172 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in W. P. Carey by 2,374.1% in the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 641 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in W. P. Carey by 962.5% in the 3rd quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 616 shares during the period. 73.73% of the stock is currently owned by institutional investors.

W. P. Carey Price Performance

NYSE WPC opened at $55.55 on Friday. W. P. Carey has a one year low of $52.91 and a one year high of $66.99. The stock has a 50-day moving average of $55.53 and a 200 day moving average of $57.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 21.87, a PEG ratio of 0.97 and a beta of 0.97.

W. P. Carey (NYSE:WPC) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.51 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.62). W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The company had revenue of $394.78 million for the quarter, compared to analysts’ expectations of $377.43 million. During the same period in the previous year, the firm earned $1.32 earnings per share. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, sell-side analysts forecast that W. P. Carey will post 4.5 EPS for the current year.

W. P. Carey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.88 dividend. This is a positive change from W. P. Carey’s previous quarterly dividend of $0.88. This represents a $3.52 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Tuesday, December 31st. W. P. Carey’s dividend payout ratio is presently 138.58%.

W. P. Carey Company Profile

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.