Analysts Set W.P. Carey Inc. (NYSE:WPC) PT at $69.40

Shares of W.P. Carey Inc. (NYSE:WPC) have been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $70.00.

Several equities research analysts recently weighed in on the stock. Barclays set a $65.00 price target on shares of W.P. Carey in a research report on Tuesday, January 13th. Scotiabank lifted their price objective on shares of W.P. Carey from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Citigroup upped their target price on shares of W.P. Carey from $60.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of W.P. Carey in a research report on Wednesday, January 21st. Finally, Evercore set a $74.00 price objective on W.P. Carey in a research note on Tuesday, February 17th.

W.P. Carey Trading Up 0.8%

Shares of WPC stock opened at $72.35 on Monday. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 34.29, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. W.P. Carey has a 12-month low of $54.24 and a 12-month high of $74.72. The stock’s 50-day moving average price is $68.21 and its 200-day moving average price is $67.40.

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 business had revenue of $444.55 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 EPS. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities research analysts predict that W.P. Carey will post 4.87 EPS for the current fiscal year.

W.P. Carey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $3.68 annualized dividend and a dividend yield of 5.1%. This is an increase from W.P. Carey’s previous quarterly dividend of $0.91. W.P. Carey’s dividend payout ratio is presently 174.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of WPC. Laurel Wealth Advisors LLC purchased a new stake in shares of W.P. Carey in the fourth quarter valued at $25,000. Commonwealth Retirement Investments LLC purchased a new position in shares of W.P. Carey during the 4th quarter worth about $26,000. Olistico Wealth LLC bought a new position in W.P. Carey during the 4th quarter valued at about $28,000. MTM Investment Management LLC bought a new position in W.P. Carey during the 2nd quarter valued at about $28,000. Finally, Headlands Technologies LLC purchased a new stake in W.P. Carey in the 2nd quarter worth about $30,000. 73.73% of the stock is owned by hedge funds and other institutional investors.

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.