W.P. Carey Inc. (NYSE:WPC) Given Consensus Rating of “Hold” by Brokerages

W.P. Carey Inc. (NYSE:WPC) has been given an average rating of “Hold” by the twelve research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $68.50.

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of W.P. Carey in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded shares of W.P. Carey from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $68.00 to $72.00 in a report on Thursday, September 11th. JPMorgan Chase & Co. reduced their price target on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $69.00 price objective on shares of W.P. Carey in a research note on Monday, December 8th. Finally, Barclays boosted their target price on shares of W.P. Carey from $66.00 to $67.00 and gave the company an “underweight” rating in a research note on Wednesday, December 3rd.

Institutional Trading of W.P. Carey

Several large investors have recently added to or reduced their stakes in WPC. Triumph Capital Management acquired a new position in W.P. Carey during the third quarter worth $93,000. FNY Investment Advisers LLC bought a new stake in shares of W.P. Carey during the 3rd quarter worth about $506,000. CIBC Private Wealth Group LLC boosted its stake in shares of W.P. Carey by 64.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 4,984 shares of the real estate investment trust’s stock worth $337,000 after acquiring an additional 1,950 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of W.P. Carey during the 3rd quarter valued at about $4,420,000. Finally, Sunbelt Securities Inc. raised its stake in shares of W.P. Carey by 22.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,216 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 1,137 shares in the last quarter. 73.73% of the stock is owned by institutional investors.

W.P. Carey Price Performance

Shares of NYSE:WPC opened at $64.82 on Friday. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 6.07 and a beta of 0.78. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.25 and a quick ratio of 0.25. W.P. Carey has a 12 month low of $52.91 and a 12 month high of $69.79. The stock’s 50 day moving average price is $66.32 and its 200 day moving average price is $65.77.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, October 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.02. The firm had revenue of $431.30 million for the quarter, compared to analyst estimates of $424.44 million. W.P. Carey had a return on equity of 4.40% and a net margin of 21.75%.W.P. Carey’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.18 earnings per share. W.P. Carey has set its FY 2025 guidance at 4.930-4.990 EPS. Equities research analysts anticipate that W.P. Carey will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. This represents a $3.68 dividend on an annualized basis and a yield of 5.7%. W.P. Carey’s payout ratio is 220.61%.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.