Barclays Forecasts Strong Price Appreciation for W. P. Carey (NYSE:WPC) Stock

W. P. Carey (NYSE:WPC - Get Free Report) had its price objective increased by investment analysts at Barclays from $56.00 to $60.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an "underweight" rating on the real estate investment trust's stock. Barclays's price objective indicates a potential downside of 7.33% from the stock's current price.

Other analysts have also issued research reports about the stock. Evercore ISI increased their price target on shares of W. P. Carey from $60.00 to $64.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 19th. UBS Group reduced their target price on W. P. Carey from $62.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada lifted their price target on W. P. Carey from $61.00 to $62.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JMP Securities restated a "market perform" rating on shares of W. P. Carey in a research report on Thursday, February 13th. 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $62.88.

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W. P. Carey Price Performance

Shares of NYSE WPC traded up $0.78 during mid-day trading on Tuesday, reaching $64.74. The company had a trading volume of 1,410,553 shares, compared to its average volume of 1,112,056. The firm has a market cap of $14.17 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 1.06 and a beta of 0.95. The business's 50-day simple moving average is $57.54 and its 200 day simple moving average is $58.15. W. P. Carey has a one year low of $52.91 and a one year high of $65.45. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.98 and a current ratio of 0.98.

Institutional Trading of W. P. Carey

Hedge funds have recently made changes to their positions in the company. RFG Advisory LLC raised its holdings 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 buying an additional 3,049 shares during the last quarter. Equity Investment Corp raised its stake in shares of W. P. Carey by 0.7% during the third quarter. Equity Investment Corp now owns 1,481,627 shares of the real estate investment trust's stock valued at $92,305,000 after acquiring an additional 9,610 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of W. P. Carey during the third quarter worth $1,692,000. Stifel Financial Corp lifted its holdings in shares of W. P. Carey by 7.0% during the third quarter. Stifel Financial Corp now owns 31,784 shares of the real estate investment trust's stock worth $1,980,000 after purchasing an additional 2,075 shares during the period. Finally, FMR LLC grew its stake in shares of W. P. Carey by 103.3% in the third quarter. FMR LLC now owns 806,082 shares of the real estate investment trust's stock worth $50,219,000 after purchasing an additional 409,593 shares during the last quarter. 73.73% of the stock is owned by institutional investors and hedge funds.

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.