Shares of W.P. Carey Inc. (NYSE:WPC) have earned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $67.67.

Several brokerages have commented on WPC. Ladenburg Thalmann Financial Services reiterated a “hold” rating on shares of W.P. Carey in a research note on Friday, June 16th. Wells Fargo & Company reiterated a “market perform” rating and issued a $69.00 price target (up from $59.50) on shares of W.P. Carey in a research note on Friday, June 16th. ValuEngine lowered shares of W.P. Carey from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Evercore ISI lowered shares of W.P. Carey from an “in-line” rating to an “underperform” rating and set a $64.00 price target on the stock. in a research note on Monday, June 12th.

Institutional investors have recently made changes to their positions in the stock. DF Dent & Co. Inc. raised its position in shares of W.P. Carey by 0.4% in the first quarter. DF Dent & Co. Inc. now owns 5,758 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 22 shares in the last quarter. FineMark National Bank & Trust raised its position in shares of W.P. Carey by 0.6% in the second quarter. FineMark National Bank & Trust now owns 14,808 shares of the real estate investment trust’s stock valued at $977,000 after buying an additional 83 shares in the last quarter. First Manhattan Co. raised its position in shares of W.P. Carey by 0.6% in the first quarter. First Manhattan Co. now owns 15,700 shares of the real estate investment trust’s stock valued at $1,013,000 after buying an additional 100 shares in the last quarter. Creative Planning raised its position in shares of W.P. Carey by 0.4% in the first quarter. Creative Planning now owns 24,216 shares of the real estate investment trust’s stock valued at $1,507,000 after buying an additional 100 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of W.P. Carey by 5.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,916 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 100 shares in the last quarter. Institutional investors own 49.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “W.P. Carey Inc. (WPC) Given Average Rating of “Hold” by Brokerages” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/08/w-p-carey-inc-wpc-given-average-rating-of-hold-by-brokerages-2.html.

W.P. Carey (NYSE WPC) traded down 0.71% during mid-day trading on Tuesday, reaching $67.10. 283,171 shares of the company were exchanged. W.P. Carey has a 1-year low of $55.77 and a 1-year high of $70.15. The firm has a market capitalization of $7.15 billion, a P/E ratio of 27.07 and a beta of 0.88. The stock has a 50-day moving average of $67.43 and a 200 day moving average of $64.14.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Friday, August 4th. The real estate investment trust reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by $0.56. The company had revenue of $221.52 million during the quarter, compared to analysts’ expectations of $221.19 million. W.P. Carey had a net margin of 34.97% and a return on equity of 8.09%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.24 earnings per share. Equities research analysts forecast that W.P. Carey will post $2.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $1.00 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. This represents a $4.00 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Wednesday, June 28th. W.P. Carey’s dividend payout ratio is currently 154.44%.

W.P. Carey Company Profile

W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. It has two primary business segments. Under the investment management segment, the Company earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by the Company under the Corporate Property Associates brand name (the CPA REITs) and invests in similar properties.

Receive News & Ratings for W.P. Carey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for W.P. Carey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.