W. P. Carey Inc. (NYSE:WPC) Given Average Rating of "Hold" by Analysts

Shares of W. P. Carey Inc. (NYSE:WPC - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $62.00.

WPC has been the topic of a number of recent research reports. JMP Securities reiterated a "market perform" rating on shares of W. P. Carey in a research report on Friday, January 10th. UBS Group reduced their target price 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. Barclays lowered their price target on shares of W. P. Carey from $59.00 to $56.00 and set an "underweight" rating for the company in a research note on Tuesday, February 4th. Finally, Scotiabank reduced their price objective on W. P. Carey from $60.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC grew its position in shares of W. P. Carey by 0.4% in the 4th quarter. HighTower Advisors LLC now owns 44,381 shares of the real estate investment trust's stock worth $2,418,000 after buying an additional 193 shares during the last quarter. Harbour Investments Inc. lifted its stake in W. P. Carey by 5.9% in the third quarter. Harbour Investments Inc. now owns 3,626 shares of the real estate investment trust's stock worth $226,000 after acquiring an additional 203 shares during the period. Creative Planning increased its position in W. P. Carey by 0.3% during the 3rd quarter. Creative Planning now owns 64,709 shares of the real estate investment trust's stock valued at $4,031,000 after purchasing an additional 207 shares during the period. GAMMA Investing LLC raised its holdings in W. P. Carey by 9.5% in the 3rd quarter. GAMMA Investing LLC now owns 2,444 shares of the real estate investment trust's stock worth $152,000 after purchasing an additional 212 shares in the last quarter. Finally, Demars Financial Group LLC raised its holdings in W. P. Carey by 2.2% in the 3rd quarter. Demars Financial Group LLC now owns 9,883 shares of the real estate investment trust's stock worth $616,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Price Performance

Shares of W. P. Carey stock traded down $0.02 during trading on Thursday, hitting $56.08. 639,070 shares of the stock traded hands, compared to its average volume of 849,474. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.02 and a beta of 0.97. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.90. W. P. Carey has a 52 week low of $52.91 and a 52 week high of $64.26. The firm's fifty day moving average is $55.29 and its 200-day moving average is $57.65.

W. P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 6.28%. This is an increase from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date was Tuesday, December 31st. W. P. Carey's dividend payout ratio is 138.58%.

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.