Analysts Set W.P. Carey Inc. (NYSE:WPC) PT at $74.20

Shares of W.P. Carey Inc. (NYSE:WPC) have been given an average rating of “Hold” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.20.

A number of brokerages have issued reports on WPC. Royal Bank Of Canada boosted their price objective on shares of W.P. Carey from $72.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. UBS Group boosted their price objective on shares of W.P. Carey from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, March 9th. Raymond James Financial raised shares of W.P. Carey from a “market perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research report on Tuesday, March 17th. Evercore set a $74.00 price objective on shares of W.P. Carey in a research report on Tuesday, February 17th. Finally, Citigroup boosted their price objective on shares of W.P. Carey from $69.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, May 4th.

Insider Transactions at W.P. Carey

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the business’s stock in a transaction on 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. The trade was a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at $26,000. Olistico Wealth LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at $28,000. Osbon Capital Management LLC bought a new stake in shares of W.P. Carey during the 4th quarter valued at $29,000. Finally, Headlands Technologies LLC bought a new stake in shares of W.P. Carey during the 2nd quarter valued at $30,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

W.P. Carey Stock Up 0.5%

Shares of NYSE WPC opened at $74.57 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. W.P. Carey has a 52 week low of $61.09 and a 52 week high of $75.69. The firm’s fifty day moving average is $72.07 and its 200 day moving average is $69.86. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 31.87, a PEG ratio of 3.19 and a beta of 0.77.

W.P. Carey (NYSE:WPC) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. The company had revenue of $454.51 million during the quarter, compared to analyst estimates of $430.64 million. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. W.P. Carey’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities research analysts expect that W.P. Carey will post 5.02 earnings per share for the current year.

W.P. Carey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. This is an increase from W.P. Carey’s previous quarterly dividend of $0.92. W.P. Carey’s payout ratio is presently 158.97%.

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.