W.P. Carey Inc. (NYSE:WPC) Receives Average Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

W.P. Carey Inc. (NYSE:WPC – Get Free Report) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $75.00.

WPC has been the topic of a number of research reports. Scotiabank boosted their target price on shares of W.P. Carey from $73.00 to $79.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Citigroup boosted their target price 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. Weiss Ratings upgraded shares of W.P. Carey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of W.P. Carey from $77.00 to $80.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Barclays upped their price objective on shares of W.P. Carey from $72.00 to $78.00 and gave the stock an “underweight” rating in a report on Tuesday, May 19th.

Get Our Latest Stock Report on W.P. Carey

Insiders Place Their Bets

In other W.P. Carey news, CAO Brian H. Zander sold 433 shares of the company’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 owned 13,882 shares in the company, valued at approximately $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 accessible through this hyperlink. Insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Groupe la Francaise acquired a new position in W.P. Carey during the first quarter worth $595,000. Arete Wealth Advisors LLC raised its holdings in W.P. Carey by 2.6% during the first quarter. Arete Wealth Advisors LLC now owns 17,524 shares of the real estate investment trust’s stock worth $1,189,000 after buying an additional 449 shares during the last quarter. Bank of America Corp DE raised its holdings in W.P. Carey by 2.4% during the first quarter. Bank of America Corp DE now owns 1,365,724 shares of the real estate investment trust’s stock worth $92,815,000 after buying an additional 31,476 shares during the last quarter. Amundi raised its holdings in W.P. Carey by 13.0% during the first quarter. Amundi now owns 900,194 shares of the real estate investment trust’s stock worth $61,177,000 after buying an additional 103,884 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in W.P. Carey by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,303 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 626 shares during the last quarter. Institutional investors and hedge funds own 73.73% of the company’s stock.

W.P. Carey Stock Up 1.1%

W.P. Carey stock opened at $73.69 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 12-month low of $61.09 and a 12-month high of $75.69. The firm’s fifty day moving average is $72.14 and its 200 day moving average is $69.91. The company has a market capitalization of $16.41 billion, a PE ratio of 31.49, a PEG ratio of 3.13 and a beta of 0.76.

W.P. Carey (NYSE:WPC – Get Free Report) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. W.P. Carey had a net margin of 29.35% and a return on equity of 6.29%. The company had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. During the same quarter in the previous year, the company earned $1.17 EPS. W.P. Carey’s quarterly 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. As a group, sell-side analysts predict that W.P. Carey will post 5.02 EPS for the current fiscal year.

W.P. Carey Increases Dividend

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

About W.P. Carey

(Get Free Report)

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.

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