JMP Securities Reaffirms “Market Perform” Rating for W. P. Carey (NYSE:WPC)

JMP Securities restated their market perform rating on shares of W. P. Carey (NYSE:WPC) in a research report released on Thursday,Benzinga reports.

Other equities analysts also recently issued research reports about the stock. Barclays lowered their price target on shares of W. P. Carey from $59.00 to $56.00 and set an “underweight” rating on the stock in a report on Tuesday, February 4th. Scotiabank lowered their price target on shares of W. P. Carey from $60.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group lowered their price target on shares of W. P. Carey from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, W. P. Carey currently has a consensus rating of “Hold” and an average target price of $62.00.

W. P. Carey Stock Performance

WPC opened at $58.72 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 1.02 and a beta of 0.97. The company’s 50 day moving average is $55.44 and its 200 day moving average is $57.57. W. P. Carey has a 12-month low of $52.91 and a 12-month high of $64.26.

W. P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $3.52 annualized dividend and a dividend yield of 5.99%. This is a boost from W. P. Carey’s previous quarterly dividend of $0.88. W. P. Carey’s dividend payout ratio (DPR) is presently 138.58%.

Institutional Investors Weigh In On W. P. Carey

Several institutional investors and hedge funds have recently modified their holdings of WPC. National Pension Service bought a new stake in shares of W. P. Carey during the fourth quarter valued at approximately $25,000. Wingate Wealth Advisors Inc. bought a new stake in W. P. Carey in the fourth quarter worth $37,000. Millstone Evans Group LLC bought a new stake in W. P. Carey in the fourth quarter worth $37,000. Maia Wealth LLC bought a new stake in W. P. Carey in the third quarter worth $40,000. Finally, Bessemer Group Inc. increased its position in W. P. Carey by 118.6% in the fourth quarter. Bessemer Group Inc. now owns 741 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 73.73% of the company’s stock.

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.