W. P. Carey (NYSE:WPC) Given "Market Perform" Rating at JMP Securities

W. P. Carey (NYSE:WPC - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at JMP Securities in a research report issued on Monday,Benzinga reports.

A number of other equities analysts have also recently weighed in on the company. Barclays upped their price target on W. P. Carey from $54.00 to $56.00 and gave the stock an "equal weight" rating in a report on Thursday, October 10th. Evercore ISI boosted their target price on shares of W. P. Carey from $63.00 to $66.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $63.00 price target (up from $62.00) on shares of W. P. Carey in a report on Tuesday, October 1st. Finally, UBS Group cut their price objective on shares of W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.88.

W. P. Carey Trading Down 0.5 %

WPC stock traded down $0.31 on Monday, hitting $56.71. 1,317,711 shares of the company were exchanged, compared to its average volume of 1,207,130. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.04 and a beta of 0.96. W. P. Carey has a twelve month low of $53.09 and a twelve month high of $67.40. The business's fifty day moving average is $57.08 and its two-hundred day moving average is $58.03.

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

Institutional Investors Weigh In On W. P. Carey

Several institutional investors and hedge funds have recently bought and sold shares of WPC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of W. P. Carey by 660.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,054,080 shares of the real estate investment trust's stock valued at $127,969,000 after purchasing an additional 1,784,131 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in W. P. Carey by 22.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,240,705 shares of the real estate investment trust's stock valued at $178,401,000 after purchasing an additional 588,636 shares during the period. Victory Capital Management Inc. grew its stake in W. P. Carey by 649.4% during the 3rd quarter. Victory Capital Management Inc. now owns 553,879 shares of the real estate investment trust's stock worth $34,507,000 after buying an additional 479,973 shares during the last quarter. Hsbc Holdings PLC increased its position in W. P. Carey by 185.7% in the second quarter. Hsbc Holdings PLC now owns 684,355 shares of the real estate investment trust's stock worth $37,631,000 after buying an additional 444,785 shares during the period. Finally, Equity Investment Corp lifted its stake in W. P. Carey by 38.9% in the second quarter. Equity Investment Corp now owns 1,472,017 shares of the real estate investment trust's stock valued at $81,035,000 after buying an additional 412,450 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company's stock.

About W. P. Carey

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.