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

W.P. Carey Inc. (NYSE:WPC) has earned an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $77.8333.

Several equities analysts have recently commented on the company. BMO Capital Markets decreased their target price on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 18th. Bank of America raised W.P. Carey from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $73.00 to $83.00 in a report on Tuesday, June 16th. Wells Fargo & Company boosted their price target on W.P. Carey from $77.00 to $80.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Citigroup reaffirmed a “market perform” rating on shares of W.P. Carey in a report on Thursday, June 18th. Finally, Royal Bank Of Canada increased their price objective on W.P. Carey from $72.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th.

W.P. Carey Stock Performance

Shares of WPC stock opened at $72.10 on Thursday. W.P. Carey has a 52 week low of $61.09 and a 52 week high of $76.97. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.78 and a beta of 0.76. The company has a 50-day simple moving average of $73.36 and a 200 day simple moving average of $71.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.69. The firm had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.17 EPS. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, sell-side analysts predict that W.P. Carey will post 5.06 earnings per share for the current year.

W.P. Carey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 5.2%. This is a boost from W.P. Carey’s previous quarterly dividend of $0.93. The ex-dividend date was Tuesday, June 30th. W.P. Carey’s dividend payout ratio is currently 160.68%.

Insider Buying and Selling

In related news, CAO Brian H. Zander sold 433 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $74.00, for a total transaction of $32,042.00. Following the transaction, the chief accounting officer directly owned 13,882 shares of the company’s stock, valued at approximately $1,027,268. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Family Wealth Partners LLC increased its holdings in shares of W.P. Carey by 5.6% during the second quarter. Family Wealth Partners LLC now owns 10,884 shares of the real estate investment trust’s stock worth $778,000 after purchasing an additional 575 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of W.P. Carey by 13.8% in the second quarter. Handelsbanken Fonder AB now owns 66,900 shares of the real estate investment trust’s stock valued at $4,783,000 after buying an additional 8,100 shares during the period. Redhawk Wealth Advisors Inc. bought a new stake in shares of W.P. Carey in the second quarter valued at approximately $877,000. Revolve Wealth Partners LLC acquired a new stake in W.P. Carey during the second quarter worth approximately $243,000. Finally, TOWER TRUST & INVESTMENT Co acquired a new stake in W.P. Carey during the second quarter worth approximately $87,000. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Company Profile

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.