Shares of W.P. Carey Inc. (NYSE:WPC) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $70.00.

A number of analysts have commented on the stock. Robert W. Baird assumed coverage on shares of W.P. Carey in a report on Wednesday. They set an “outperform” rating and a $77.00 target price for the company. ValuEngine raised shares of W.P. Carey from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Ladenburg Thalmann Financial Services reaffirmed a “hold” rating on shares of W.P. Carey in a report on Friday, September 1st. Finally, BidaskClub raised shares of W.P. Carey from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th.

Shares of W.P. Carey (NYSE WPC) traded up 0.43% during trading on Friday, reaching $69.74. The company’s stock had a trading volume of 276,135 shares. The company’s 50-day moving average is $68.95 and its 200-day moving average is $66.54. The company has a market capitalization of $7.45 billion, a P/E ratio of 26.85 and a beta of 0.86. W.P. Carey has a 12 month low of $55.77 and a 12 month high of $70.38.

W.P. Carey (NYSE:WPC) last posted its quarterly earnings data on Friday, August 4th. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.56). W.P. Carey had a return on equity of 8.10% and a net margin of 34.97%. The company had revenue of $221.52 million during the quarter, compared to the consensus estimate of $221.19 million. During the same quarter last year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts forecast that W.P. Carey will post $2.23 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a $1.005 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, September 29th. This represents a $4.02 annualized dividend and a dividend yield of 5.76%. W.P. Carey’s payout ratio is 155.21%.

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Hedge funds have recently made changes to their positions in the company. Ffcm LLC grew its holdings in shares of W.P. Carey by 179.3% in the 2nd quarter. Ffcm LLC now owns 1,701 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 1,092 shares during the period. Bruderman Asset Management LLC acquired a new position in shares of W.P. Carey in the 2nd quarter valued at $115,000. QCI Asset Management Inc. NY grew its holdings in shares of W.P. Carey by 148.7% in the 2nd quarter. QCI Asset Management Inc. NY now owns 1,803 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 1,078 shares during the period. Schroder Investment Management Group acquired a new position in shares of W.P. Carey in the 2nd quarter valued at $128,000. Finally, D. Scott Neal Inc. grew its holdings in shares of W.P. Carey by 12.3% in the 2nd quarter. D. Scott Neal Inc. now owns 2,471 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 271 shares during the period. 48.77% of the stock is owned by institutional investors.

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.

Analyst Recommendations for W.P. Carey (NYSE:WPC)

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