Scotiabank Issues Pessimistic Forecast for W.P. Carey (NYSE:WPC) Stock Price

W.P. Carey (NYSE:WPC) had its price target dropped by equities research analysts at Scotiabank from $79.00 to $76.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would suggest a potential upside of 5.80% from the company’s previous close.

A number of other analysts have also weighed in on the company. Wolfe Research raised W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 price objective on the stock in a research report on Monday, June 8th. BMO Capital Markets cut their price objective on W.P. Carey from $86.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday. Weiss Ratings raised W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays upped their price objective on W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 19th. Finally, UBS Group set a $76.00 price objective on W.P. Carey in a research report on Thursday. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $77.83.

W.P. Carey Trading Down 0.6%

NYSE:WPC traded down $0.40 during trading hours on Thursday, reaching $71.83. 661,020 shares of the stock were exchanged, compared to its average volume of 1,351,917. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average of $73.67 and a two-hundred day moving average of $70.56. W.P. Carey has a twelve month low of $61.09 and a twelve month high of $76.97. The company has a market capitalization of $16.00 billion, a price-to-earnings ratio of 30.63, a PEG ratio of 3.26 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The company had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. During the same period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. On average, equities analysts predict that W.P. Carey will post 5.04 EPS for the current year.

Insider Buying and Selling

In related news, CAO Brian H. Zander sold 433 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $74.00, for a total value of $32,042.00. Following the transaction, the chief accounting officer owned 13,882 shares of the company’s stock, valued at $1,027,268. This represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On W.P. Carey

Large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in W.P. Carey by 1.6% in the second quarter. Invesco Ltd. now owns 753,196 shares of the real estate investment trust’s stock valued at $46,984,000 after acquiring an additional 11,635 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in W.P. Carey in the second quarter valued at $115,000. Bank of Nova Scotia boosted its stake in W.P. Carey by 7.3% in the second quarter. Bank of Nova Scotia now owns 8,164 shares of the real estate investment trust’s stock valued at $509,000 after acquiring an additional 555 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in W.P. Carey in the second quarter valued at $3,494,000. Finally, Sei Investments Co. boosted its stake in W.P. Carey by 73.0% in the second quarter. Sei Investments Co. now owns 96,983 shares of the real estate investment trust’s stock valued at $6,050,000 after acquiring an additional 40,908 shares in the last quarter. Hedge funds and other institutional investors 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.