W.P. Carey (NYSE:WPC) Price Target Raised to $73.00

W.P. Carey (NYSE:WPC) had its price objective raised by Scotiabank from $72.00 to $73.00 in a research note published on Monday,Benzinga reports. Scotiabank currently has a sector perform rating on the real estate investment trust’s stock.

WPC has been the subject of several other reports. Royal Bank Of Canada increased their price target on shares of W.P. Carey from $70.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of W.P. Carey from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. Citigroup boosted their price target on W.P. Carey from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Evercore set a $74.00 price objective on W.P. Carey in a research report on Tuesday, February 17th. Finally, Barclays set a $65.00 target price on W.P. Carey in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, W.P. Carey has a consensus rating of “Hold” and a consensus target price of $70.11.

W.P. Carey Stock Down 1.0%

WPC stock opened at $73.04 on Monday. W.P. Carey has a fifty-two week low of $54.24 and a fifty-two week high of $75.69. The company has a market capitalization of $16.01 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 5.02 and a beta of 0.76. The business’s 50 day moving average price is $69.66 and its two-hundred day moving average price is $67.85. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.14 and a current ratio of 0.14.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.02. The company had revenue of $444.55 million for the quarter, compared to analyst estimates of $433.28 million. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. As a group, analysts forecast that W.P. Carey will post 4.87 earnings per share for the current fiscal year.

W.P. Carey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.92 dividend. This is a positive change from W.P. Carey’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 dividend on an annualized basis and a yield of 5.0%. W.P. Carey’s payout ratio is presently 174.41%.

Institutional Trading of W.P. Carey

A number of large investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC bought a new position in W.P. Carey during the fourth quarter valued at approximately $25,000. Commonwealth Retirement Investments LLC bought a new position in shares of W.P. Carey during the 4th quarter valued at $26,000. Olistico Wealth LLC purchased a new position in shares of W.P. Carey in the 4th quarter worth $28,000. MTM Investment Management LLC bought a new stake in shares of W.P. Carey in the second quarter worth $28,000. Finally, Headlands Technologies LLC purchased a new stake in W.P. Carey during the second quarter valued at $30,000. 73.73% of the stock is currently owned by institutional investors.

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.