W. P. Carey Inc. (NYSE:WPC) Receives $63.75 Average PT from Analysts

W. P. Carey Inc. (NYSE:WPC - Get Free Report) has received a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $63.75.

A number of analysts have commented on the stock. Royal Bank of Canada lifted their target price on shares of W. P. Carey from $61.00 to $62.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a research note on Thursday, February 13th. Barclays upped their price objective on W. P. Carey from $56.00 to $60.00 and gave the company an "underweight" rating in a report on Tuesday, March 4th. BMO Capital Markets upgraded W. P. Carey from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $60.00 to $67.00 in a report on Tuesday, February 18th. Finally, Scotiabank upped their price target on W. P. Carey from $59.00 to $63.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 12th.

W. P. Carey Trading Up 0.4 %

NYSE:WPC traded up $0.26 on Friday, hitting $62.67. 794,407 shares of the stock were exchanged, compared to its average volume of 1,163,911. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98. W. P. Carey has a 52 week low of $52.91 and a 52 week high of $66.10. The stock has a market capitalization of $13.71 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 1.06 and a beta of 0.95. The company's 50-day moving average price is $60.04 and its 200 day moving average price is $58.41.

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W. P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 5.68%. This is a boost from W. P. Carey's previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Monday, March 31st. W. P. Carey's dividend payout ratio is presently 170.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. RFG Advisory LLC lifted its position in W. P. Carey by 91.7% in the 4th quarter. RFG Advisory LLC now owns 6,373 shares of the real estate investment trust's stock valued at $347,000 after acquiring an additional 3,049 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of W. P. Carey by 7.0% in the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust's stock valued at $1,980,000 after purchasing an additional 2,075 shares in the last quarter. FMR LLC boosted its position in shares of W. P. Carey by 103.3% during the third quarter. FMR LLC now owns 806,082 shares of the real estate investment trust's stock worth $50,219,000 after buying an additional 409,593 shares during the period. Erste Asset Management GmbH bought a new position in shares of W. P. Carey during the third quarter worth about $1,267,000. Finally, Signet Financial Management LLC acquired a new stake in W. P. Carey in the 4th quarter valued at approximately $1,942,000. 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.