W. P. Carey Inc. (NYSE:WPC) Receives Average Recommendation of "Hold" from Brokerages

W. P. Carey Inc. (NYSE:WPC - Get Free Report) has received an average rating of "Hold" from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $62.57.

Several research firms have weighed in on WPC. Evercore ISI increased their price target 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 reiterated an "equal weight" rating and set a $63.00 target price (up from $62.00) on shares of W. P. Carey in a research report on Tuesday, October 1st. UBS Group reduced their price target on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 14th. JMP Securities reaffirmed a "market perform" rating on shares of W. P. Carey in a research report on Friday. Finally, Barclays reissued an "underweight" rating and issued a $59.00 target price (up from $56.00) on shares of W. P. Carey in a report on Tuesday, December 17th.

Institutional Trading of W. P. Carey

Several hedge funds have recently bought and sold shares of WPC. Quarry LP lifted its position in shares of W. P. Carey by 175.9% in the second quarter. Quarry LP now owns 560 shares of the real estate investment trust's stock worth $31,000 after buying an additional 357 shares in the last quarter. Maia Wealth LLC bought a new stake in W. P. Carey in the 3rd quarter worth approximately $40,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of 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 worth $41,000 after acquiring an additional 172 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of W. P. Carey by 2,374.1% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 668 shares of the real estate investment trust's stock valued at $42,000 after acquiring an additional 641 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of W. P. Carey by 962.5% in the third quarter. Fortitude Family Office LLC now owns 680 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company's stock.

W. P. Carey Stock Performance

NYSE:WPC traded down $0.85 during trading hours on Friday, reaching $53.93. The company had a trading volume of 1,445,314 shares, compared to its average volume of 1,196,618. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 21.23, a PEG ratio of 1.04 and a beta of 0.97. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm's 50 day moving average price is $55.62 and its 200-day moving average price is $57.86. W. P. Carey has a 52 week low of $53.09 and a 52 week high of $67.40.

W. P. Carey (NYSE:WPC - Get Free Report) last posted 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). The firm had revenue of $394.78 million for the quarter, compared to analysts' expectations of $377.43 million. W. P. Carey had a net margin of 35.12% and a return on equity of 6.45%. The firm's revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 EPS. On average, analysts forecast that W. P. Carey will post 4.5 EPS for the current year.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.88 per share. 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 yield of 6.53%. The ex-dividend date of this dividend is Tuesday, December 31st. W. P. Carey's dividend payout ratio (DPR) 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.